Government failure is present when
A) the government engages in an activity such as the setting of prices that interferes with competitive markets.
B) the incentives confronted by political participants encourage counterproductive use of resources.
C) externalities create perverse incentives that undermine the efficient use of resources.
D) unethical and corrupt actions are undertaken by some political officials.
Correct Answer:
Verified
Q79: Figure 5-1 Q80: When market failure is present, Q81: When there is reason to think that Q82: When externalities are present, Q83: "Government failure" is present when Q85: Markets fail to allocate resources efficiently when Q86: Economic analysis indicates that Q87: "Government failure" exists when political decision-makers choose Q88: When government failure is present, Q89: A market transaction causes an externality if
A) democratic political
A) suppliers will refuse
A) constitutional restrictions
A)
A) there is government
A) market allocation
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