"Government Failure" Is Present When

question 71

Multiple Choice

"Government failure" is present when

• A) constitutional restrictions block government action that is favored by the majority of voters.
• B) political decision-makers try to serve the general public rather than their personal interest.
• C) the structure of incentives encourages political decision-makers to undertake actions that conflict with the efficient allocation of resources.
• D) the political decision-makers are motivated by something other than good intentions; if they have good intentions, political action will allocate resources efficiently.

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Definitions:

Limited Liability Clause

A provision in a contract that limits the amount of money one party can be responsible for in case of breach of the contract.

Res Ipsa Loquitur

A legal doctrine stating that the occurrence of an accident implies negligence, as the event would not normally happen without it.

You May Have the Body

A common English translation of "Habeas Corpus," a legal action or writ by means of which detainees can seek relief from unlawful imprisonment.

To Show, Prove

The process of providing evidence or argument to establish the truth of a statement in a legal or factual scenario.