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The so-called "bridge to nowhere" in Alaska is an example of


A) a market failure.
B) the incentive for politicians to bring home as much federal money as possible.
C) a government failure.
D) a market failure AND the incentive for politicians to bring home as much federal money as possible.
E) the incentive for politicians to bring home as much federal money as possible AND a government failure.

Correct Answer

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Producers have an incentive to produce those goods most desired by consumers at the lowest price in


A) a centrally planned economy.
B) a communist economy.
C) a market economy.
D) All of the choices are true.

Correct Answer

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