Theresa Is a U

question 64

Multiple Choice

Theresa is a U.S. nursing home aide. She is LEAST likely to complain about:

• A) the incredibly low pay.
• B) too few people on staff to provide adequate care.
• C) being unable to get close to residents.
• D) resident abuse.

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Definitions:

Government Intervention

Actions taken by a government to affect or interfere with market activities or uphold laws for economic or social outcomes.

Markets Fail

Occurs when a market economy does not efficiently allocate resources, leading to outcomes like monopolies, public goods issues, or externalities.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefits to society or the economy.

Efficiency

A measure of how well resources are used to achieve a goal, minimizing waste.