Question
The domestic market failure argument is a particular case of the theory of: a. the optimum, or first-best. b. the efficiency case for free trade.
The domestic market failure argument is a particular case of the theory of:
a. the optimum, or first-best.
b. the efficiency case for free trade.
c. the third best.
d. thesufficing principle.
e. the second best.
Which option is correct?
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Understanding Econometrics With Economic Applications
Authors: Dennis Halcoussis
1st Edition
0030348064, 9780030348068
