Examlex
Which of the following is NOT a form of advance directive?
Property Rights
Legal rights to possess, use, and dispose of assets such as land, buildings, or intellectual property.
Efficient Allocation
Efficient allocation involves the distribution of resources in a manner that maximizes productivity and utility, often considered optimal in economic theory.
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.
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