Government failure occurs when the incentives of politicians and government bureaucrats are not in line with public interests.
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Q231: An example of a common property resource
Q232: In addressing market failure, government policies always
Q233: Government failure does not result if policies
Q234: Government failure may result when policymakers cannot
Q235: Government failures are often more serious in
Q237: The government can correct externalities by imposing
Q238: The socially optimal level of pollution occurs
Q239: The socially optimal level of pollution occurs
Q240: With a higher discount rate, society would
Q241: The lower the discount rates used in
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