Market Failures

question 333

Multiple Choice

Market failures

• A) prevent the price system from attaining economic efficiency.
• B) result in quantities and prices that are socially desirable.
• C) strengthen economic efficiency by forcing unprofitable firms to close.
• D) weaken the argument for government intervention in the economy.

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Definitions:

Artificial Cloth Mother

A research apparatus used in attachment studies, designed to simulate the warmth and comfort a baby monkey receives from its mother.

Harlows' Infant Monkeys

Harlows' infant monkeys refer to a series of psychological experiments conducted by Harry Harlow, which demonstrated the importance of emotional and physical comfort in the early development of rhesus monkeys.

Autism Spectrum Disorder

A range of neurodevelopmental conditions characterized by challenges with social interaction, communication, and restricted, repetitive behaviors.

Emotion-Conveying Faces

Facial expressions that communicate emotions, often studied to understand emotional recognition and social interactions.