What are the limitations of the operation of the free market? a) Provision of goods & services b) Inequality in distribution of income c) Externalities & the environment d) Monopoly power e) Fluctuations in economic activity f) All of above
f) All of the above
Which of the following refers to the unequal distribution of income among different groups in society? a) Provision of goods and services b) Externalities c) Inequality in the distribution of income d) Monopoly power
c) Inequality in the distribution of income
What term describes the negative effects on the environment caused by economic activities?
Externalities
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