Economists Generally Agree That Government Intervention in the Economy Is

question 107

Multiple Choice

Economists generally agree that government intervention in the economy is appropriate

• A)whenever the costs of market failure are greater than the benefits of the existence of markets.
• B)whenever the costs of the intervention are greater than the value of the correction of the market failure.
• C)whenever there is a market failure.
• D)only when the market fails to provide a socially useful good.
• E)whenever the benefits of the correction of the market failure through intervention are greater than the costs of the intervention itself.

---

Definitions:

Symptoms

Physical or mental features that are regarded as indicating a condition of disease.

Genetic Counselor

A healthcare professional who advises individuals and families on the risk of genetic disorders, interpreting test results, and providing support.

Genetic Defect

An abnormality in the DNA sequence that can lead to diseases or conditions being passed from parents to offspring.

Genetic Disorder

A disease or condition caused by an abnormality in an individual's DNA, which can be inherited or result from mutations.