Which of the Following Best Exemplifies a Failure of Market

question 14

Multiple Choice

Which of the following best exemplifies a failure of market outcome?

• A) Secondhand smoke can put the health of children at risk.
• B) Consumers often don't know as much about the car they are buying than the person selling the car does.
• C) Adults with emphysema find it difficult to quit smoking even though they know that smoking worsens their health and they want a long life.
• D) Some people can enjoy the use of a public park without paying for it.

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Definitions:

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for conserving energy and promoting 'rest and digest' bodily functions.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for physical activity, often referred to as the fight or flight response.

Developmental Psychologists

Specialists who study how and why human beings change over the course of their life, from infancy through old age.

Adolescent Changes

These are the physical, psychological, and social transformations that occur in individuals typically between ages 13 and 19.