In Practice,assessing the Benefits and Costs of a Proposed Government

question 88

Multiple Choice

In practice,assessing the benefits and costs of a proposed government program is difficult because ________.

• A) the effects of the program may be difficult to determine
• B) many benefits and costs occur in the distant future
• C) some costs and benefits are difficult, perhaps impossible to quantify
• D) all of the above

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Definitions:

Asylum Seeker

An individual who is seeking international protection from dangers in their home country but whose claim for refugee status has not yet been determined.

Free Market Capitalism

An economic system based on supply and demand with minimal government intervention.

Competitive Advantage

The edge a business has over its competitors, allowing it to generate greater sales or margins and retain more customers.

Tax-Free Trade

Commerce between countries or entities that is exempt from taxes, often to encourage trade or investment.