Increased Life Expectancy in Canada Has Had Which of the Following

question 59

Multiple Choice

Increased life expectancy in Canada has had which of the following effects?

• A) Death rates have gone down.
• B) Heart disease and cancer are now less prevalent.
• C) Degenerative conditions have more time to develop.
• D) Accidents have become the leading cause of death.

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Definitions:

Government Failure

Situations where government interventions in the market lead to inefficiencies, misallocation of resources, or failure to achieve desired social or economic outcomes.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Government Failure

Situations where government intervention in the economy creates inefficiencies or worsens outcomes.

Efficient Allocation

The optimal distribution of resources among competing entities to achieve the desired outcomes with minimal waste or inefficiency.