The Domestic Market Failure Argument Is a Particular Case of the Theory

question 42

Multiple Choice

The domestic market failure argument is a particular case of the theory of

• A) the optimum, or first-best.
• B) the second best.
• C) the third best.
• D) the sufficing principle.
• E) the efficiency case for free trade.

---

Definitions:

Respirations

The act of breathing; the inhaling and exhaling of air to facilitate gas exchange within the body.

Conduction Cycle

The process of electrical impulses moving through the heart's conduction system, coordinating its beating.

Bundle of His

A collection of heart muscle cells specialized for electrical conduction that transmits the electrical impulses from the atrioventricular node to the point of the apex of the fascicular branches.

Intraatrial Pathways

Specialized conductive fibers in the atria of the heart that facilitate the passage of electrical impulses.