In View of the Possible Need for Government Action in Markets

question 129

Multiple Choice

In view of the possible need for government action in markets where asymmetric information is a problem, which of the following is a valid concern?

• A)The government rarely has more information than the private parties.
• B)Private markets can sometimes deal with information asymmetries on their own.
• C)The government is itself an imperfect institution.
• D)All of the above are valid concerns.

---

Definitions:

Acute Pain

A type of pain that is sharp and severe but temporary, often a direct result of injury, disease, or inflammation.

Postoperative Abdominal Incision

The surgical cut made in the abdominal area during an operation, which requires proper care and management after the surgery to prevent infection and promote healing.

Independent

Being self-reliant and free from external control or support in conducting activities or making decisions.

Evidence-Based Practice

A decision-making process that integrates the best current research evidence with clinical expertise and patient values.