When Market Failures Occur

question 234

Multiple Choice

When market failures occur

• A) the invisible hand will correct for the market failures.
• B) the price system will correct the market failures.
• C) buyers and sellers will correct the market failures.
• D) the government can step in to correct the market failures.

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Definitions:

External Genital Organs

The parts of the genital system that are visible on the outside of the body, such as the penis in males and vulva in females.

Obstetrician

A medical doctor specializing in pregnancy, childbirth, and the postpartum period, focusing on managing women's health during these times.

Prenatal Care

A set of services provided to improve pregnancy outcomes and engage the expectant mother, family members, and friends in pregnancy-related health care decisions.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement to the insured for expenses incurred from illness or injury.