Which of the Following Would Be Most Likely Stated by an Economist

question 135

Multiple Choice

Which of the following would be most likely stated by an economist who advocates for fine-tuning?

• A)Political disagreements make economic policies difficult to implement.
• B)Measuring economic performance is complicated because of the size of the economy.
• C)Designing economic policies that please everyone is complex.
• D)Changing economic policies in response to market changes is reasonable.

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Definitions:

Collectively Exhaustive

A condition where a set of events covers all possible outcomes, ensuring that every possible scenario is accounted for.

Probability

The quantification of an event's chance of happening, represented as a number from 0 to 1.

Sample Space

The collection of every potential result or outcome from a probabilistic experiment.

Random Experiment

An experiment or process for which the outcome cannot be predicted with certainty beforehand.