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Serga [27]
3 years ago
6

Who was responsible for rules affecting farm products in the United states during world war 1

History
1 answer:
luda_lava [24]3 years ago
3 0

Answer:

Herbert Hoover

Explanation:

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The reason for market success or failure in liberal economies is the prospect of profit. Building apartment buildings is highly profitable, so market parameters work perfectly. Construction firms will strive to build apartments that are appealing to consumers at the lowest possible cost and thus make a profit. However, building a bridge under a river does not bring a prospect of profit, except in the case of toll bridge privatization. It is an infrastructure work necessary to facilitate the transportation of products and people. Therefore, in this case, there is no efficient allocation of resources by the market as there is no prospect of profit. This is the market failure. In this case, it is the government that acts in the construction of the bridge, in order to solve the market failure.

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