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Economics
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In a market economy, government intervention

a. will always improve market outcomes.

b. reduces efficiency in the presence of externalities.

c. may improve market outcomes in the presence of externalities.

d. is necessary to control individual greed. 

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Kristelle Balando
Kristelle BalandoLv10
1 Jan 2021

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Related questions

Because there are positive externalities from higher education,

A. Private markets will over-supply college classes.

B. Government intervention cannot improve the market for college classes.

C. The government should impose a tax on college students.

D. Private markets will under-supply college classes.

In an economy in which decisions are guided by prices and individual self-interest, there is: 
 
(i) the potential to achieve efficiency in production.
(ii) a strong need for government intervention in the market.
(iii) less efficiency than would be observed in a centrally-planned economy.
(iv) more need for a strong legal system to control individual greed than would be needed in a centrally-planned economy.
In a market economy, the government's power to coerce can:
 
A. Undermine economic efficiency by increasing private-sector risk.
B. Improve economic efficiency by directing all resources to their most valued uses.
C. Reduce private-sector risk and increase economic efficiency.
D. Cause significant negative externalities.

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