Economists Generally Agree That Government Intervention in the Economy Is

question 121

Multiple Choice

Economists generally agree that government intervention in the economy is appropriate

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