Which of the Following Would Be an Example of Government

question 98

Multiple Choice

Which of the following would be an example of government intervention to correct a market failure caused by buyers having inadequate information about sellers?

• A) providing unemployment compensation insurance
• B) sponsoring legislation to reduce pollution
• C) licensing of medical doctors and surgeons
• D) requiring all car drivers to buy auto insurance

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Definitions:

Headquarters

The main office or center of operations for an organization or company, where key administrative activities are coordinated.

Congress

Congress is the bicameral legislature of the United States, comprising the Senate and the House of Representatives, responsible for making federal laws.

Material Benefit

An advantage or gain, often in a tangible form, resulting from an action or a specific situation.

Solidary Benefit

Advantages or rewards derived from the social interactions and connections made within a group or organization.