Author Question: What is market failure'? Explain one way in which government can help overcome such failure. What ... (Read 156 times)

faduma · **on:** Jun 30, 2018

What is market failure'? Explain one way in which government can help overcome such failure.

What will be an ideal response?

Question 2

Which idea about development was constructed with developing countries in mind?

a. Harrod-Domar model
b. New Growth theory
c. Neoclassical growth model
d. Lewis labor-surplus model
e. All of the above

Galvarado142 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

Market failure is defined in the text. The student may choose from among ways to overcome market failure such as providing information, regulating monopoly, providing public goods, etc.

Answer to Question 2

D