1. The market economy typically does not provide the efficient level of ________
ID: 1130223 • Letter: 1
Question
1. The market economy typically does not provide
the efficient level of ___________ services.
2. When ___________ is present, unregulated market
will not tend to achieve a socially optimal outcome.
3. To compare the value of soil resources over time,
economists use an approach called ___________
by calculating the ___________ of money to be
received in the future.
4. The phenomenon where regulations lead to perverse
outcomes with high costs and low environmental
performance is called ___________.
5. In the United States, ___________ programs seek
to control pollution from all sources in a watershed
and bring all pollutants below a cap.
6. The allocation of water is ___________ inefficient
if the present value of a marginal increase in
future supply is ___________ than the cost of a
marginal decrease in consumption today..
Explanation / Answer
1. Public services
Explanation: Public services are best provided by the government because of the market failure and the market economy cannot produce efficient level of it.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.