Which of the Following Provides the Most Accurate Explanation of What

question 118

Multiple Choice

Which of the following provides the most accurate explanation of what is meant by "government failure"?

• A) The government engages in an activity such as the setting of prices that interferes with competitive markets.
• B) The situation where the structure of incentives is such that government action will tend to result in the inefficient use of resources.
• C) The presence of widespread voter fraud that alters the outcome of elections.
• D) The undertaking of unethical and corrupt actions by some political officials.

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Definitions:

Moldings Process

The process of shaping materials using a rigid frame or model known as a mold.

Paid Tourist Attraction

A place of interest where visitors pay an admission fee to view or participate in activities.

Flew Home

Returned to one's place of residence by air travel.

Took Train

The act of choosing and riding a train as a means of transportation.