Governments Use Microeconomic Models to

question 6

Multiple Choice

Governments use microeconomic models to

• A) predict the impact of a policy before adopting it.
• B) consider the tradeoff between clean air and a high level of GDP.
• C) determine the tradeoff between equity and efficiency.
• D) All of the above.

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Definitions:

Resilience

The ability to adapt to serious adversity.

Community

A group of people living in the same place or having a particular characteristic in common.

Long-Term Consequences

The extended effects or outcomes that result from actions, decisions, or conditions, often persisting for years.

Abused

Mistreated or harmed, typically in a physical, sexual, emotional, or psychological way.