The Result of Government Intervention in the Market Is That

question 35

Multiple Choice

The result of government intervention in the market is that

• A)Society is always better off.
• B)The production possibilities curve always shifts outward.
• C)Society could be made better or worse off.
• D)Society is always worse off.

---

Definitions:

Retailing-oriented Era

A period in business history marked by the dominant focus on retail activities, where selling direct to customers through various retail outlets was prioritized.

Production-oriented Era

A period in business where the focus was on production efficiency and product improvement, often at the expense of consumer needs and preferences.

Sales-oriented Era

A period in business history when companies prioritized selling their products and convincing consumers to buy, often regardless of actual customer need.

Market-oriented Era

A period in business characterized by firms prioritizing customer needs and desires, focusing on market research, and product development to meet those needs.