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Economists Generally Agree That Government Intervention in the Economy Is

Question 106

Multiple Choice

Economists generally agree that government intervention in the economy is appropriate


A) whenever the costs of market failure are greater than the benefits of the existence of markets.
B) whenever the costs of the intervention are greater than the value of the correction of the market failure.
C) whenever there is a market failure.
D) only when the market fails to provide a socially useful good.
E) whenever the benefits of the correction of the market failure through intervention are greater than the costs of the intervention itself.

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