Which of the Following Statements Is Not True

question 209

Multiple Choice

Which of the following statements is not true?

• A)Our government alters how resources are allocated in the economy by taxing, spending and issuing regulations.
• B)The price mechanism will work best if there are a limited number of firms in each industry.
• C)Lack of the provision of public goods is considered a market failure.
• D)Not everything produced by the public sector is a public good.

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Definitions:

Hurricane Katrina

A devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing extensive damage and significant loss of life, particularly in New Orleans.

US Government

The federal government of the United States, composed of three branches: legislative, executive, and judicial, designed to maintain checks and balances.

Ideology

A system of ideas, beliefs, and values that shapes social behavior and provides a framework for understanding social and political realities.

Hegemony

A dominant leadership or influence of one group, country, or society over others, often exercised through cultural, economic, or political means.