Day: June 19, 2021

Which statement about government intervention is correct?

Select ONE answer:

1. Government failure may result from policies that have unintended side effects.
2. Governments cannot identify the existence of inefficiency.
3. Inefficient government policies mean that the market system will be better at resource 
allocation.
4. Market failure means that government action will necessarily improve the situation.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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