Statement I.Market Failure Rarely Happens Under Capitalism

question 220

Multiple Choice

Statement I.Market failure rarely happens under capitalism.
Statement II.One remedy for market failure is public goods and services.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Conjoined Twins

Twins that are physically connected to each other at birth, sharing some body parts and organs.

Monozygotic Twins

Twins that originate from a single fertilized egg, which splits and forms two embryos, sharing 100% of their genetic material and often referred to as identical twins.

Embryonic Period

The stage of prenatal development from about the 2nd to the 8th week after fertilization, during which major body organs and structures begin to develop.

Major Organs

The essential organs in a body that perform vital functions necessary for survival, such as the heart, lungs, and liver.