Homework answers / question archive / The basic principles of economics suggest that: a) Markets are seldom, if ever, a good way to organize economic activity, b) Government should become involved in markets when trade between countries is involved, c) Government should become involved in markets when those markets fail to produce efficient or fair outcomes, d) All of the above are correct

The basic principles of economics suggest that: a) Markets are seldom, if ever, a good way to organize economic activity, b) Government should become involved in markets when trade between countries is involved, c) Government should become involved in markets when those markets fail to produce efficient or fair outcomes, d) All of the above are correct

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The basic principles of economics suggest that:

a) Markets are seldom, if ever, a good way to organize economic activity,

b) Government should become involved in markets when trade between countries is involved,

c) Government should become involved in markets when those markets fail to produce efficient or fair outcomes,

d) All of the above are correct.