ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goods that are not safe, equitable, and profitable in the market
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Designed to minimize external costs and shift the costs back to the producers
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Payments given by the government to private companies as an incentive for them to produce a certain good
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Programs that help people who are struggling
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Detailed explanation-1: -A safety net is a net to protect people from injury after falling from heights by limiting the distance they fall, and deflecting to dissipate the impact energy. The term also refers to devices for arresting falling or flying objects for the safety of people beyond or below the net.
Detailed explanation-2: -Social safety nets aim to prevent poor and other vulnerable groups from falling into poverty or being caught in a poverty trap when affected by temporary shocks, such as a natural disaster or economic downturn.
Detailed explanation-3: -Financial safety net is arrangements where the stress of a financial institution especially that of a private sector one is managed through a public policy instrument.
Detailed explanation-4: -The main examples of the safety net are Supplemental Security Insurance (SSI), Earned Income Tax Credit (EITC), nutritional assistance, Medicaid, and Temporary Assistance for Needy Families (TANF).