One Reason Economists Have Many Different Views on Social Policy

question 59

Multiple Choice

One reason economists have many different views on social policy is that:

• A) economic policy is an exact science.
• B) policy proposals must be based on precise evidence.
• C) policy proposals are based on various models that focus on different aspects of a problem.
• D) economic policy cannot involve value judgments.

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Definitions:

Movie Rentals

The business of lending out films for a limited period, traditionally through physical media like DVDs, now predominantly through digital services.

Decrease

A reduction or decline in size, quantity, or intensity.

Quantity Supplied

The amount of a product that producers are willing and able to sell at a given price over a specific period.

Price of Lamps

The cost consumers pay for lamps, which can vary based on factors like design, brand, materials, and production costs.