A market failure exists when an imperfection in
A) Federal government policies prevents an optimal outcome.
B) Welfare programs prevents an optimal outcome.
C) The market mechanism prevents an optimal outcome.
D) State government policies prevents an optimal outcome.
Correct Answer:
Verified
Q31: The poverty gap is the
A)Shortfall between actual
Q32: The existence of income transfer programs can
A)Decrease
Q33: Q34: Welfare programs differ from social insurance programs Q35: The existence of income transfer programs can Q37: Which of the following is a welfare![]()
A)Increase
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