Governments can sometimes improve market outcomes

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In the 2004 presidential campaign, John Kerry suggested that our goal in fighting terrorism was to return to a situation in which "terrorists are not the focus of our lives, but they're a nuisance." The George W. Bush campaign responded with outrage, stating that only complete elimination of terrorism was acceptable. Which side better captures the economic principle that “governments can sometimes improve market outcomes”? Why –? (you get most points for carefully explaining your logic, not just stating which side was right)

Reference no: EM13888352

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