Ch 2: Government Failure in Macroeconomics

About This Chapter

Enhance your ability to earn course credit or excel a test by improving your knowledge of government failure in macroeconomics. This chapter offers engaging lessons, mini quizzes and other study resources you can access any time to better understand opportunity cost, ballot box economics and more.

Government Failure in Macroeconomics - Chapter Summary

This chapter makes it easy to comprehend elements of government failure in macroeconomics. Study the bite-sized lessons to gain greater insight into public choice theory, ways to assess government policies and other related topics. Use the short quizzes to gauge your knowledge of the lessons, and take the practice exam to ensure you understand the entire chapter. Around-the-clock mobile access to these resources lets you study whenever and wherever your schedule permits. Completing this chapter will enable you to:

  • Share real world examples of opportunity cost
  • Define and give examples of government failure
  • Explain ways the government can be wasteful economically
  • Describe how governments assess their policies using cost-benefit analysis
  • Discuss the theory of ballot box economics
  • Differentiate between the two levels of public choice theory

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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