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wrote...
Posts: 142
2 months ago

Question 1.

A government-inhibited good is one that

• would be underproduced by the private market.

• should be subsidized to correct the market failure and productive inefficiency.

• cannot be individually consumed.

• has been deemed socially undesirable via the political process.

Question 2.

A government-inhibited good is one that

• the political process has determined is socially undesirable.

• freely competitive markets have determined is socially desirable.

• the political process has determined is socially desirable.

• we want to encourage the consumption of.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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wrote...
Posts: 159
2 months ago
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Answer 1

has been deemed socially undesirable via the political process.

Answer 2

the political process has determined is socially undesirable.
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