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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.

Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter6: The Economics Of Political Actions
Section: Chapter Questions
Problem 12CQ
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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.
Transcribed Image Text: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.
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