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.
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.
