Which of the following statements is inaccurate? a) There is substantial agreement about how and when markets fail. b) There is substantial agreement about whether government improves market outcomes. c) Voters are quick to blame government meddling for many economic woes. d) Ideally, the market mechanism will lead an economy to the optimal mix of output.

Question

Social Studies

Haylee Shah

5 August, 14:33

Which of the following statements is inaccurate? a) There is substantial agreement about how and when markets fail. b) There is substantial agreement about whether government improves market outcomes. c) Voters are quick to blame government meddling for many economic woes. d) Ideally, the market mechanism will lead an economy to the optimal mix of output.

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Answers (1)

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Niko · Answer 1

Option A

Explanation

I don't agree with option A, there can't be an agreement to how and when market will fail, market can be predictable or dictated, we can't determine what will happen the market today's, the prices ranges and defers, the investments are different so where will the agreement of how the market will fail established and between which parties what are the facts that will make this happens discussed. so option A is inaccurate as market down fail doesn't exisit based on the agreement.