51 Most introductory economics textbooks have a section on market failure It is here that...
80.2K
Verified Solution
Link Copied!
Question
Basic Math
51 Most introductory economics textbooks have a section on market failure It is here that students learn that markets may fail to achieve their potential leaving people worse off than they theoretically could be The existent of market failure is often taken as an excuse for government intervention to do whatever markets fail to do In just a couple of sentences explain why economists and others particularly politicians must accept the possibility of government failure as well That is tell me why government solutions to perceived market failures may themselves fail to achieve their own stated goals The U S Drug war is an apt example of a discrepancy between a stated political policy goal and the actual attainment of that goal
51 Most introductory economics textbooks have a section on market failure It is here that students learn that markets may fail to achieve their potential leaving people worse off than they theoretically could be The existent of market failure is often taken as an excuse for government intervention to do whatever markets fail to do In just a couple of sentences explain why economists and others particularly politicians must accept the possibility of government failure as well That is tell me why government solutions to perceived market failures may themselves fail to achieve their own stated goals The U S Drug war is an apt example of a discrepancy between a stated political policy goal and the actual attainment of that goal
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.