Which Statement Is the Best Explanation for Why Policies Such

question 52

Multiple Choice

Which statement is the best explanation for why policies such as rent control and import quotas persist in spite of the fact that experts are united in their opposition to such policies?

• A) Economists have not yet convinced the general public that the policies are undesirable.
• B) Economists are simply wrong about the economic impact of these policies.
• C) Economists have different values than do most people.
• D) Economists are usually of a different political party than are lawmakers.

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Definitions:

General Life Insurance

A type of life insurance policy that provides financial protection to the beneficiaries in the event of the policyholder's death, without specifying the cause.

Beneficiary

An individual or entity entitled to receive benefits or assets under a legal instrument, such as a will or insurance policy.

Bilateral Contract

A contract in which both parties make promises.

Consideration

In contract law, the mutual promise to exchange benefits and detriments between parties.