When Studying the Effects of Public Policy Changes, What Do

question 79

Multiple Choice

When studying the effects of public policy changes, what do economists do?

• A) They often falsify results if the desired effect is not reached.
• B) They may make different assumptions for the long run and the short run.
• C) They attempt to consider only the direct effects and not the indirect effects.
• D) They can immediately change policies if they are ineffective.

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Definitions:

Passive Management

A leadership approach where managers may avoid making decisions or taking actions, often leading to a lack of direction or control.

Standards Not Met

The condition of failing to reach established criteria or expected levels of quality.

Bankruptcy Estate

All legal or equitable interests of the debtor in property at the time of the bankruptcy filing, governed by bankruptcy law.

Automatic Stay

After bankruptcy has been filed, a moratorium during which creditors cannot bring or continue action against the debtor or his or her property.