Government Intervention That Fails to Improve Economic Outcomes Is Known

question 39

True/False

Government intervention that fails to improve economic outcomes is known as market failure.

---

Definitions:

Extended Families

Families in which not only parents and their children but other kin—grandparents, cousins, nieces and nephews, or more distant family relations—share a household.

Allocaregiving

Child care and protection provided by group members other than the parents, usually other relatives.

Exosystem

Part of Bronfenbrenner's ecological systems theory, referring to the wider societal systems that do not directly involve the individual but still have an indirect impact on them.

Family Structure

The social organization of a family. Most commonly, the structure is nuclear or extended.