People who come to fear that their wealth is going to be confiscated will acquire a relatively greater incentive to invest in

Which of the following is a source of market failure?

A) an inequitable income distribution B) unforeseen circumstances which leads to the bankruptcy of many firms C) a lack of government intervention in a market D) incomplete property rights or inability to enforce property rights

Scarcity refers to a situation in which unlimited wants exceed the limited resources available to fulfill those wants

Indicate whether the statement is true or false