A Market Failure Arises When an Entire Sector of the Economy

question 128

True/False

A market failure arises when an entire sector of the economy (for example, the airline industry)collapses because of some unforeseen event.

---

Definitions:

Vastus Lateralis

A muscle located in the thigh that is part of the quadriceps group, and plays a significant role in extending the knee.

Hemophilus Influenza Type B

A type of bacteria that can cause severe respiratory infections in children and adults, including meningitis and pneumonia, preventable by vaccination.

Epiglottitis

A life-threatening condition that occurs when the small cartilage “lid” that covers your windpipe (known as the epiglottis) swells and blocks the air flow into your lungs.

Symptoms Of Rabies

Indications of rabies infection, including fever, headache, excess salivation, muscle spasms, paralysis, and mental confusion.