1. In some blighted inner city neighborhoods, housing is inadequate, there are no large grocery stores, and no restaurants. The city is trying to recruit investors for each of these types of businesses. To do so the city will certainly need to overcome a(n) ________problem. Group of answer choices adverse selection incomplete market Imperfect information moral hazard 2. Suppose that a market is in equilibrium and there is no government intervention in the market. If the private marginal cost of producing an item is $6 and the social marginal cost of production is $4, there must be a _____ of $2. Group of answer choices mcd mpd mcb mpb

1. In some blighted inner city neighborhoods, housing is inadequate, there are no large grocery stores, and no restaurants. The city is trying to recruit investors for each of these types of businesses. To do so the city will certainly need to overcome a(n) ____problem. Group of answer choices adverse selection incomplete market Imperfect information moral hazard 2. Suppose that a market is in equilibrium and there is no government intervention in the market. If the private marginal cost of producing an item is $6 and the social marginal cost of production is $4, there must be a _ of $2. Group of answer choices mcd mpd mcb mpb

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter1: The Art And Science Of Economic Analysis

Section: Chapter Questions

Problem 2.5P

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