Which statement about government intervention is correct?
Select ONE answer:
- Government failure may result from policies that have unintended side effects.
- Governments cannot identify the existence of inefficiency.
- Inefficient government policies mean that the market system will be better at resource allocation.
- 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
- Correct
- Not correct
- Not correct
- Not correct
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