Which Is an Example of a Market Failure

question 92

Multiple Choice

Which is an example of a market failure?

• A) There are not enough tickets available to concerts of extremely popular performers.
• B) The price of medical care has risen dramatically as a result of the introduction of sophisticated equipment and techniques.
• C) Polio shots and chest x-rays provide widespread benefits to the community as a whole as well as to the individuals who get them.
• D) Extensive decreases in the prices of electronic equipment resulted in large numbers of bankruptcies in the computer industry.

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Definitions:

Emotional Needs

The psychological requirements for well-being, such as feeling loved, valued, and a sense of belonging.

Daily, Repetitive Tasks

Routine activities or chores that are performed on a regular basis, often daily, as part of one’s personal or professional life.

Responsibility

The obligation to carry out duties or tasks satisfactorily and being accountable for the outcomes.

Feminist Macro Practice

A social work practice that applies feminist principles on a large scale to address systemic inequalities, focusing on empowerment and societal change.