Which Is NOT a Reason for the Frequent Failure of Policies

question 10

Multiple Choice

Which is NOT a reason for the frequent failure of policies to achieve their intended impact?

• A)no plausible scenario on which the parties can agree
• B)no socially acceptable solution exists
• C)policies and laws only permit strict interpretations
• D)disagreement about what constitute a social or political problem that must be addressed by the policy makers

Recognize the role of opportunity costs in determining specialization and trade patterns.

Identify the conditions under which nations gain from trade and how terms of trade affect these gains.

Understand the impact of tariffs, quotas, and free trade on international trade efficiency.

Analyze the significance of export supply and import demand curves in trade.