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.

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Definitions:

Pons

A crucial structure in the brainstem that plays key roles in sleep and dreaming, arousal, and coordination of movement.

Brain Stem

The central trunk of the mammalian brain, connecting the brain to the spinal cord and responsible for controlling basic functions like breathing and heart rate.

Pons

A part of the brainstem that plays key roles in regulating breathing, communication between different parts of the brain, and sensations such as hearing, taste, and balance.

Breathing

The process of inhaling and exhaling air to facilitate gas exchange with the internal environment, primarily by bringing in oxygen and flushing out carbon dioxide.