Question

The government becomes involved in the economy by providing public good and services, redistributing income, protecting property rights, and resolving market failure when

A)
The public opinion of a country demands it


B)
Specific firms in private industry demands it


C)
The potential benefits of involvement outweigh the costs


D)
The potential costs of involvement outweigh the potential benefits

Answer 1

The answer that would best fit the given statement above is option C. The government becomes involved in the economy by providing public good and services, redistributing income, protecting property rights, and resolving market failure when the potential benefits of involvement outweigh the costs. Hope it helps.