Government Failure Occurs When

question 34

Multiple Choice

Government failure occurs when

• A)Dealing with a natural monopoly.
• B)There is market power.
• C)Government intervention fails to improve economic outcomes.
• D)Public goods are present.

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Definitions:

Plantations

Large estates or farms, especially in the context of historical slavery, where cash crops like sugar, cotton, and tobacco were cultivated using forced labor.

Holdings

Assets or properties owned by an individual, company, or organization, which can include real estate, stocks, or other forms of investments.

Slaves

Individuals forced into servitude, deprived of personal freedom and the right to own property, often being legally considered the property of another person.

Slave Codes

Laws established in Southern colonies and states to regulate the behavior of enslaved African Americans, aiming to disenfranchise them and justify their treatment as property.