Policy Responses That Try to Deal with Market Failure Resulting

question 136

True/False

Policy responses that try to deal with market failure resulting from externalities are largely restricted to various forms of taxation.

Recognize the causes and effects of economic recessions and depressions in U.S. history.

Identify the impact of governmental policies on U.S. economic development from the 20th century to the present.

Distinguish between periods of economic boom and bust in the U.S. history.

Understand the role of agriculture in the economic development of the U.S. and its evolution over time.

---

Definitions:

Harassment

Behavior aimed at another person that is unwanted, offensive, or threatening, often creating a hostile environment.

Stock Minstrel Character

A stereotypical and often derogatory caricature, historically used in minstrel shows, which misrepresented African American culture.

Jim Crow

Laws or policies enforcing racial segregation and discrimination against African Americans, primarily in the Southern United States, from the late 19th to the mid-20th century.

Lazy

A term used to describe a lack of willingness or motivation to work or engage in activity.