Market failure occurs whenever "free markets fail to distribute resources efficiently".
<u>Answer:</u> Option A
<u>Explanation:</u>
The free market is a supply and demand-based economic system, with minor or zero government control. Market failure take place on the failure of efficient resource distribution, because if the demand of public will not be met on time than self life of product start decreasing and consumers may find alternatives to fulfill needs.
The causes for free market failure may be resulted from following factors like:
- positive and negative externalities,
- environmental concerns,
- lack of public goods,
- under-supply of merit goods,
- over-supply of demerit products and
- misuse of monopoly power.
A. along the Chang River
“Civilization began in China along the Huang he and Chang Jiang rivers.”
Answer:
As emperor of Ethiopia (1930–74), Haile Selassie I was known for modernizing his country, for helping to establish the Organization of African Unity (now the African Union) in 1963, for his exile (1936–41), and for being overthrown in 1974. He was also regarded as the messiah of the African race by many Rastas.
He thought he should extend his borders because he wanted us to have benefits of our democratic government,that should be extended over distant regions which was selected for homes
It takes up half the country
on the map, and a special place
in the consciousness of Canadians.
Rugged and unconquerable, the Shield
is a challenge -- a good challenge
for a people to have in their midst...
