Which of the following is most likely to result in government failure? Highly competitive markets. Monopoly. A constitutional reform mandating that the federal government maintain a balanced budget. O Widespread government actions that favor some business firms and sectors of the economy relative to others.

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A: Types of Economies:- 1) Market Economy:- Under market economy, all the decision related to…

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A: Businesses are legal entity that is incorporated to earn profits.

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A: *Answer:

Q: Question 1 Please breifly explain the following: Public choice Government failure Iso-welfare…

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Q: Please elaborate on the economic role of the government under the two different economic theories of…

A: Laissez faire is a theory where there is no government intervention.Market functions on its own and…

Q: o economic theory, which of the following is NOT a feature of an ideal tax system? Multiple Choice…

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Q: Analyze the role of the government with an exteranlity present

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Q: Public policy refers to the outputs of governmental institutions. O True O False

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Q: The problems the Policy Government School of thought has with constitutional government is O not…

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Q: None

A: Another approach to identifying the geographic area where the commodity title of the Farm Bill has…