Explain why it is necessary to for the government to have each of the following (in terms of market failures)

Answer :- A

Explain why it is necessary to for the government to have each of the following (in terms of market failures)

A. Seat belt requirements for cars :- t

1. It provides safety to everyone in the vehicle and other motorists.

2. Keeps in place during impacts

3.It is designed to work with your airbags

4.Keeps away from receiving a fine for not wearing one

5.Reduces the risks of serious injuries and death

Since simply wearing seat belt reduces risks of death and hence it is required for government .

Answer B.

Requirement for emission checks on cars

Since environment issue has become dominant now a days . Carbon emission is degrading our climate and scientist ecologist have shown worry for the same and hence it is necessary to ensure that emission is control to save planet save environment and climate and ozon layer and hence it us measure emission check passing through it will only one will be allowed to have that vehicle otherwise government will ban that vehicle if emission high .

Answer C. Unemployment compensation :-

When one has no employment to grow the economy and to survival for that individual the goverment is required to compensate for unemployment .

Answer D.

National defense :- to save the country from the outside forces national defence is ore requisite

Answer E .

Truth-in-lending laws :- it is required

Answer F.

Government ban on the use of illicit drugs :- illicit drugs are illegal drugs which are banned this is because this may result more crime .

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