Government intervention that fails to improve economic outcomes is known as market failure.
Government intervention that fails to improve economic outcomes is known as government failure.
Correct Answer:
Verified
Q136: The market tends to underproduce public goods.
The
Q137: The federal personal income tax system is
Q138: Social demand equals market demand minus externalities
Q139: The free-rider dilemma occurs in the provision
Q140: A progressive tax system is one in
Q142: Explain why government-funded college education can be
Q143: Government failure means that government intervention fails
Q145: As long as a public sector activity
Q146: State income tax revenues are much less
Q148: Why is it safe to assume that
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