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Economics Mcqs
Q
Markets fail to produce an efficient allocation of resources, but government also fail because ?
AA. Elected officials will act selfleSSLy for the good of society and ignore their own self interest
BB. The managers of government agencies are trying to maximize the profit of their agency and they ignore the implications that this has on other departments
CC. The optimal level of public goods may be too expensive for the society to produce
DD. The measurement of social damages and benefits is difficult and imprecise
Correct Answer:
D. D. The measurement of social damages and benefits is difficult and imprecise
