Market Failure Occurs When

question 59

Multiple Choice

Market failure occurs when

• A) a good is too expensive for the market to provide.
• B) an unrestrained market economy leads to too few or too many resources going to a specific economic activity.
• C) one good is superior to another and drives it out of the market.
• D) the stock market experiences a very large loss.

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Definitions:

Criticism

The practice of analyzing, evaluating, or judging the merits and faults of a work, policy, or idea.

Canada

A country in North America, characterized by its vast landscape, multicultural population, and as having a parliamentary democracy and a constitutional monarchy.

Population Transfer

The forced movement of a large group of people from one region to another, often used as a tool for political or social engineering.

Expulsion

The act of formally removing someone from an organization, institution, or country.