When Misallocation of Resources for Production of a Good Results

question 146

Multiple Choice

When misallocation of resources for production of a good results in spillover effects on third parties, there is a

• A) market failure.
• B) government failure.
• C) legislative failure.
• D) productive failure.

---

Definitions:

Joseph Wolpe

A psychiatrist known for developing systematic desensitization, a technique used to treat phobias and other anxiety disorders.

Behavioural Goals

Specific objectives related to modifying or improving an individual's behavior, often set in therapeutic or educational settings.

Spontaneous Remission

The unexpected improvement or cure of a disease or condition without any medical treatment or intervention.

Professional Treatment

Healthcare services provided by trained and licensed professionals to address physical, psychological, or emotional issues.