Government Intervention Cannot Improve the Allocation of Resources for Goods

question 142

True/False

Government intervention cannot improve the allocation of resources for goods that do not have prices attached to them.

---

Definitions:

Responsibility And Control

Pertains to the obligations and authority assigned to individuals or organizations to manage tasks or operations effectively.

Enlarged Jobs

Tasks or job roles that have been expanded to include more varied duties, often to increase employee satisfaction and productivity.

Horizontal Expansion

A business growth strategy involving the increase of production or the expansion of product lines within the same level of the supply chain.

Vertical Expansion

The growth of a company by acquiring or establishing operations within the same industry but at different stages of the production process.