Social Security and Medicare are clear examples of
A)capitalism.
B)market-determined services.
C)market failures and externalities.
D)governmental intervention in the market.

Question

Quizplus · Accepted Answer

Social Security and Medicare are both examples of governmental intervention in the market, as they are funded and administered by the government to provide support and healthcare to citizens. They exist to mitigate market failures and externalities, as well as to address the societal need for a safety net for the elderly and those with disabilities.

Social Security and Medicare Are Clear Examples of