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A When the free market fails to achieve allocative efficiency B To control all economic activities C To eliminate competition and establish monopolies D To maximize profits for businesses Explanation Government intervention is necessary when the free market fails to achieve allocative efficiency or in the presence of externalities.
A central repository for questions about economic theory, research, and policy. Please read the rules before posting, as we remove all comments which break the rules. Answers must be in-depth and comprehensive, or they will be removed. Posts should be in the form of a question.
It would be situationally somewhat helpful, and could help you nail an interview question if you back it up with specific things you learned from your coursework. But it won't open up any new doors. To my knowledge, there is nothing that having an economics minor makes you qualified for that you wouldn't be qualified for otherwise.
A central repository for questions about economic theory, research, and policy. Please read the rules before posting, as we remove all comments which break the rules. Answers must be in-depth and comprehensive, or they will be removed. Posts should be in the form of a question.
Aug 18, 2024 · Are you looking for some good economics practice questions and answers? If so, you have reached the right platform. Take these economics trivia quizzes and test your understanding of economics. We have a huge database of quizzes based on economics that will help you to know if you are an economics expert.
e. Aggregate economic phenomena like the rate of unemployment and inflation. 13) Outline the difference between positive and normative questions? Positive economics focuses on the description, quantification, and explanation of economic developments, expectations, and associated phenomena. It relies on objective data analysis,
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Aug 31, 2022 · Our quiz will test your knowledge of some key economic concepts and vocabulary — and how it applies to the real world. ... Season 3 of summer school is here asking the biggest economic questions ...
