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Difficulty:
35%
(medium)
Question Stats:
78% (01:23) correct
23%
(01:41)
wrong
based on 40
sessions
History
Date
Time
Result
Not Attempted Yet
While many economists argue that government intervention in markets distorts efficiency, others contend that in cases of market failure—such as monopolies, negative externalities, or information asymmetry—government regulation can enhance overall welfare. However, the extent to which such interventions yield net benefits depends on the accuracy of policy implementation and the potential for unintended consequences."
Which of the following can be inferred from the passage?
(A) Government intervention always leads to inefficiency in markets.
(B) Market failures can justify government intervention under certain conditions.
(C) Economists unanimously agree on the role of government in markets.
(D) The presence of a monopoly automatically necessitates government intervention.
(E) Policies designed to correct market failures never have unintended consequences.
Which of the following can be inferred from the passage?
(A) Government intervention always leads to inefficiency in markets.
(B) Market failures can justify government intervention under certain conditions.
(C) Economists unanimously agree on the role of government in markets.
(D) The presence of a monopoly automatically necessitates government intervention.
(E) Policies designed to correct market failures never have unintended consequences.
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