Which of the Following Is Not Generally Considered a Failing

question 173

Multiple Choice

Which of the following is not generally considered a failing of market economies?

• A)Market economies can have severe swings from boom to bust.
• B)Market economies tend to underprovide public goods.
• C)Market economies tend to promote equity at the expense of efficiency.
• D)Market economies can misallocate resources when property rights are ill defined.

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Definitions:

Marbury v. Madison

A landmark Supreme Court case in 1803 that established the principle of judicial review in the United States.

Constitutional Convention

A meeting held with the purpose of writing or amending a constitution. In the U.S. context, it refers to the 1787 convention where the Constitution was framed.

Federalists

Supporters of the ratification of the U.S. Constitution, who advocated for a strong national government.

Constitutional Amendment

A change or addition to the constitution, usually requiring a significant agreement process by legislatures and sometimes the public.