The Idea of Government Failure Includes All of the Following

question 157

Multiple Choice

The idea of government failure includes all of the following except

• A) special-interest effect.
• B) bureaucratic inefficiency.
• C) pressure by special-interest groups.
• D) extensive positive externalities from public and quasi-public goods.

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Definitions:

Schemas

Cognitive frameworks or structures that help organize and interpret information based on past experiences and knowledge.

Information Gathering

The process of obtaining data, facts, or feedback from various sources to support decision-making, research, or problem-solving.

Self-Fulfilling Prophecy

The phenomenon whereby initially false expectations cause the fulfillment of those expectations.

Initially False Expectations

Expectations that start off as incorrect but may change over time as new information is acquired.