Which statement describes a time in the economy when the government should intervene?
A) Consumers cannot make up their minds what they want to purchase.
B) Sellers make poor business decisions.
C) Producers use the least-cost method of production.
D) The market fails to provide goods efficiently.

Question

Quizplus · Accepted Answer

The market failing to provide goods efficiently is a situation where the government should intervene to ensure the fair distribution of goods and services. In this situation, the market may not provide goods to certain segments of the population or may cause environmental damage as a result of production methods. The government may need to regulate or provide subsidies to address these issues. The other options do not necessarily require government intervention.

Which Statement Describes a Time in the Economy When the Government