Which of the Following Is an Example of Government Failure

question 65

Multiple Choice

Which of the following is an example of government failure?

• A)Too much regulation resulting in wasted resources.
• B)Public goods.
• C)Externalities.

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Definitions:

Pork-Barrel Politics

involves government spending for localized projects secured primarily to bring money to a representative's district, often criticized as wasteful or aimed at gaining political favor.

Comprehensive Legislation

refers to wide-ranging laws or legal provisions that address multiple aspects of a particular issue or regulatory area.

Regulatory Capture

A situation where regulatory agencies are dominated by the industries they are charged with regulating, often leading to policies that benefit the industry over the public.

Regulatory Agencies

Government bodies responsible for supervising the application of laws and regulations within specific industries to ensure fairness, safety, and compliance.