Suppose a New Government Policy Generates $6,000 of Benefits for Local

question 165

Multiple Choice

Suppose a new government policy generates $6,000 of benefits for local businesses and $4,000 of costs. We can best describe the policy as

• A) Pareto efficient.
• B) inefficient.
• C) potentially efficient.
• D) equitable.

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Definitions:

Genetic Factors

Genetic factors are hereditary influences determined by one's DNA that can affect various aspects of physical and psychological traits.

Environmental Factors

External elements like climate, terrain, and human activities that influence living organisms and the ecosystem.

Epigenetics

Nongenetic influences on a gene’s expression, such as stress, nutrition, and so forth.

Genetic Expression

The process by which information from a gene is used in the synthesis of a functional gene product, often leading to the manifestation of a particular trait or characteristic.