From the choices, please select the major factors that result in government failure. Factors leading to government failure Answer Bank Some politicians may be too friendly with industries they regulate, and make policies that favor them over the broader public. Public choices involve many actors with their own economic objectives. Production decisions are often made independently of government oversight. The United States uses a graduated tax system. Politicians often want to keep constituents happy more than they want to correct market failures.

From the choices, please select the major factors that result in government failure. Factors leading to government failure Answer Bank Some politicians may be too friendly with industries they regulate, and make policies that favor them over the broader public. Public choices involve many actors with their own economic objectives. Production decisions are often made independently of government oversight. The United States uses a graduated tax system. Politicians often want to keep constituents happy more than they want to correct market failures.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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