The Argument That Strategic Planning Is Not Likely to Be

question 3

Multiple Choice

The argument that strategic planning is not likely to be practical due to insufficient information means that

• A) because of trade secrets, the government does not know true cost relationships in any given industry.
• B) if the government had all the relevant information in a given industry then it could decide whether a subsidy would enhance the public's welfare.
• C) even if the government had all the relevant information in a given industry, it still could not decide whether a subsidy would enhance the public's welfare.
• D) due to recent cuts in the Department of the Census' sampling budgets, industry surveys are no longer reliable, so that there is no way to determine if a subsidy is in the public's interest.
• E) the government would need to employ its intelligence agencies in order to gain a complete understanding of the market.

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Definitions:

My Lai Massacre

A tragic incident during the Vietnam War in which American soldiers killed hundreds of unarmed Vietnamese civilians in a small village.

Draft

A system of compulsory recruitment for military service, often implemented during times of war to ensure an adequate supply of soldiers.

Johnson Administration

The period of U.S. leadership under President Lyndon B. Johnson, from 1963 to 1969, known for significant civil rights legislation and the Vietnam War.