Answer :
Final answer:
The 2007 law on energy-efficient light bulbs matches with correcting market failures, the 1974 lawsuit relates to preventing monopolies, and Medicaid funding corresponds to redistributing wealth. This helps clarify the intent behind each government action. Understanding these matches is essential in grasping government functions in society.
Explanation:
Matching Government Actions to Situations
Understanding how different government actions align with specific situations is crucial in social studies. Here are the appropriate matches for the provided scenarios:
- A 2007 law sets requirements for how energy-efficient light bulbs must be. This situation falls under c. correcting market failures. The law aims to improve energy efficiency and reduce environmental impact, addressing the market failure related to externalities such as pollution.
- A 1974 lawsuit forced a company that provided most of the country's telephone service to split into multiple companies. This is an example of b. preventing monopolies. The action taken by the lawsuit intended to break up the monopoly in the telecommunications industry to encourage competition and protect consumers.
- Federal and state funding, much of which comes from income taxes, pays for Medicaid. This action is an example of a. redistributing wealth. Medicaid, as a government program, helps redistribute wealth to provide healthcare services to low-income individuals and families.
By classifying these scenarios correctly, we can better understand the role of government in various sectors of the economy and society.
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