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:

Simple Majority Vote

A voting system where the highest number of votes cast for any one candidate or option surpasses the number of votes for any other, without requiring more than half of total votes.

Permanent Member

An individual or state that holds constant membership in an organization or committee, often with special voting rights, such as the five permanent members of the UN Security Council.

Military Assistance

Support and aid provided by the military, which can include defensive aid, training, or the supply of weapons and equipment to other countries or entities.

United States

A country primarily located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.