Asked by Cynthia Powell on Jul 04, 2024
Verified
Statement I: Bringing home as much federal money as possible to get reelected is the equivalent of the quest for profits that motivates business owners.
Statement II: One example of a government failure has been the deterioration of the American elementary,middle and high school system the last few decades.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Government Failure
A situation where government intervention in the economy creates inefficiency and leads to a misallocation of resources.
Federal Money
Funds provided by the federal government, often to support state or local projects, policies, or to provide social services.
- Determine the varieties and examples of inefficiencies in governmental and market systems.
- Comprehend the motivations of politicians and the effects of government actions on education systems.
Verified Answer
CO
Chloé OkeahialamJul 08, 2024
Final Answer :
C
Explanation :
Statement I reflects a perspective on political motivations, likening politicians' efforts to secure federal funds for reelection to business owners' profit motivations. Statement II acknowledges widely discussed concerns about the decline in the quality of American education over recent years, which can be considered a form of government failure.
Learning Objectives
- Determine the varieties and examples of inefficiencies in governmental and market systems.
- Comprehend the motivations of politicians and the effects of government actions on education systems.