Chapter 9 The Price Puzzle What Drives the Market - Part 3

Why might governments intervene in an economy?

Type: MCQ • Marks: 1
Why might governments intervene in an economy?
Options
A. To abolish markets completely
B. To eliminate all consumer choice
C. To prevent all production
D. To address market failures and provide public goods or welfare measures
Explanation
Explanation: Government intervention can address situations where markets alone may not produce socially desirable outcomes.
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Class 9th Understanding Society India and Beyond, Part I

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