When Markets Fail,public Policy

question 129

Multiple Choice

When markets fail,public policy

• A)can do nothing to improve the situation.
• B)can potentially remedy the problem and increase economic efficiency.
• C)can always remedy the problem and increase economic efficiency.
• D)can, in theory, remedy the problem, but in practice, public policy has proven to be ineffective.

---

Definitions:

Theodore Roosevelt

The 26th President of the United States (1901-1909) known for his progressive policies, conservation efforts, and leadership of the Rough Riders during the Spanish-American War.

Republican Nomination

The process by which the Republican Party in the United States selects its candidate for a major political office, such as the presidency.

Progressive Party

A political party in the United States that advocated for social and political reform, most active in the early 20th century with leaders like Theodore Roosevelt.

Progressive Party

A political party in the United States that advocated for reforms to address issues caused by the rapid industrialization and growth of corporations in the early 20th century.