객관식
Which of the following terms describes a facility that stores hundreds of goods or products for future use or distribution?
105
views
0. Basic Principles of Economics
Introduction to Economics
객관식
Which of the following is NOT one of the seven sources of government failure discussed in lecture?
A
Externalities
B
Information asymmetry
C
Regulatory capture
D
Rent-seeking behavior
검증된 단계별 안내1
Step 1: Understand the concept of government failure. Government failure occurs when government intervention in the economy causes a more inefficient allocation of resources than would occur without that intervention.
Step 2: Recall the seven common sources of government failure discussed in microeconomics, which typically include issues like information asymmetry, regulatory capture, rent-seeking behavior, bureaucratic inefficiency, unintended consequences, lack of incentives, and political constraints.
Step 3: Recognize that externalities are actually a type of market failure, not a government failure. Externalities occur when a third party is affected by a transaction they are not involved in, leading to inefficient market outcomes without government intervention.
Step 4: Compare the options given: Information asymmetry, regulatory capture, and rent-seeking behavior are all recognized sources of government failure because they involve problems within government intervention or regulation.
Step 5: Conclude that since externalities are a market failure and not a government failure, it is the correct answer to the question asking which is NOT a source of government failure.
