When government action leads to inefficiency it is known as
A) government failure.
B) politics.
C) government as usual.
D) lack of government trust.

Question

Quizplus · Accepted Answer

Government failure occurs when government intervention in the economy leads to inefficiencies and an allocation of resources that does not maximize societal welfare. This can happen due to reasons such as poor policy choices, lack of information, or bureaucratic inefficiencies.

When Government Action Leads to Inefficiency It Is Known as