From an economic standpoint,government intervention is justified
A) When the market mechanism fails to achieve the optimal mix of output.
B) Because the government will encourage the production of private goods.
C) Because the government can increase the level of market power of private businesses.
D) When the private sector is larger than public sector.
Correct Answer:
Verified
Q11: Which of the following is an example
Q12: Any imperfection in the market mechanism that
Q13: The term market mechanism refers to
A)The use
Q14: Which of the following is a source
Q15: The optimal mix of output is always
Q17: Which of the following is possible when
Q18: Resources are directed from one industry to
Q19: Government intervention may be appropriate to correct
Q20: Market failure implies that the market mechanism
A)Leads
Q21: Which of the following is the government
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents