Which of the Following Generalizations Is Derived from the Economist's

question 104

Multiple Choice

Which of the following generalizations is derived from the economist's framework?

• A) Politicians always take too long to enact regulations because they must wait for economic advisors to perform a cost/benefit analysis.
• B) Policies that relieve immediate suffering often have the best long-run consequences.
• C) Sound policies often are prevented by individuals' self-interest-seeking activities.
• D) Government regulations have the same impact whether they are designed on the basis of cost/benefit analysis or were developed as a reaction to real-world events.

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Definitions:

Decision

A conclusion or resolution reached after consideration, marking the choice made between alternative options.

Social Relationships

Connections or interactions between individuals or groups in a society.

IDEAS Process

An acronym or term not widely recognized as standard, implying a potentially specific or specialized process that involves creativity or problem-solving. NO.

Preliminary Decision

An initial decision or judgment made before all evidence or information has been fully considered or reviewed.