When Faced with a Market Failure,the Government

question 8

Multiple Choice

When faced with a market failure,the government:

• A)usually tries to redistribute the existing surplus more fairly.
• B)always takes over the market.
• C)often encourages the well-functioning firms to stay through protectionist policy.
• D)None of these statements is true.

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Definitions:

Organizational Commitment

The psychological attachment or loyalty of an employee towards their organization, often associated with motivation and job satisfaction.

Supervisors and Managers

Individuals in an organization responsible for directing and overseeing the work of other employees, ensuring that tasks and objectives are completed efficiently and effectively.

HR Release

A document or announcement by the Human Resources department that typically communicates decisions, policy updates, or information relevant to employees.

Employee Information

Consists of personal and employment-related data about an employee, such as contact details, employment history, qualifications, and performance records.