One Common Source of Market Failure Is

question 80

Multiple Choice

One common source of market failure is

• A) perfect competition.
• B) pollution.
• C) perfect information.
• D) private goods.

---

Definitions:

American and French Revolutions

Two major revolutions of the late 18th century that significantly influenced the development of democratic ideals and the concept of nation-states.

NSC-68

Top-secret policy paper approved by President Truman in 1950 that outlined a militaristic approach to combating the spread of global communism.

Military Buildup

An increase in the size and strength of a country's armed forces, often in preparation for potential conflicts or as a means of asserting geopolitical influence.

Communism

A political and economic ideology advocating for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.