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Government Failure: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is government failure?

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1. The invisible hand is a metaphor for what?

2. In the context of government failure, when we say that the government has made things worse what do we mean?

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About This Quiz & Worksheet

Government failure is an issue that negatively affects the economy. This quiz and worksheet combination will ask you about pertinent terms and examples in order to ascertain the depth of your understanding of this topic.

Quiz & Worksheet Goals

This quiz will ask you about various terms and facts, including:

  • The definition and some examples of government failure
  • The invisible hand metaphor
  • Impacts of government failure

Skills Practiced

Prepare to make use of the following study skills as you take this quiz:

  • Making connections - use your understanding of the concept of government failure
  • Information recall - access the knowledge you've gained regarding Adam Smith's invisible hand metaphor
  • Knowledge application - use your knowledge to answer questions about examples of government failure

Additional Learning

Further your understanding of government failure by studying the accompanying lesson entitled 'Government Failure: Definitions & Examples,' which will address these objectives:

  • Define government failure
  • Identify Adam Smith and the invisible hand metaphor
  • Analyze the changing definition of government failure
  • Learn about agricultural subsidies
  • Know the specifics of the Subprime Mortgage Crisis of 2008
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