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MACROWSNotes17.pdf - 65 Award 1.00 point What is the main...

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65. Award: 1.00 point 66. Award: 1.00 point What is the main problem with government guarantees that socialize losses and privatize gains? They encourage overly risky investments by insulating private investors from any losses. The investments that do occur never generate production of goods underproduced by the private sector. They discourage private investment in worthwhile projects. They tend to benefit foreign companies at the expense of domestic firms. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-02 Discuss government failure and explain why it happens. The unlawful misdirection of governmental resources for personal gain is known as political corruption. logrolling. adverse selection. the special-interest effect. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-02 Discuss government failure and explain why it happens.
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67. Award: 1.00 point 68.
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