Micro and Macro Failures of the Marketplace Never Justify Government

question 72

True/False

Micro and macro failures of the marketplace never justify government intervention.

---

Definitions:

Cognitive Ability

The capacity to perform higher mental processes of reasoning, remembering, understanding, and problem-solving.

Cognitive Ability

The capacity to perform mental processes such as reasoning, problem-solving, and learning.

Cognitive Ability

Refers to the capacity of individuals to perform various mental processes like learning, thinking, reasoning, problem solving, decision making, remembering, and paying attention.

GREs

Standardized tests that measure verbal reasoning, quantitative reasoning, and analytical writing skills, commonly required for graduate school admissions.