Which Statement Is the Best Explanation for Why Policies Such

question 52

Multiple Choice

Which statement is the best explanation for why policies such as rent control and import quotas persist in spite of the fact that experts are united in their opposition to such policies?

• A) Economists have not yet convinced the general public that the policies are undesirable.
• B) Economists are simply wrong about the economic impact of these policies.
• C) Economists have different values than do most people.
• D) Economists are usually of a different political party than are lawmakers.

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Definitions:

Economic Conflict

Disputes between countries, organizations, or groups over resources, economic policies, or trade practices that can affect global or local economies.

Trade Barriers

Measures such as tariffs, quotas, and regulations established by countries to control the import and export of goods and services, influencing international trade dynamics.

Industrialization

The transformation process in which an economy shifts from largely focusing on agriculture to mainly concentrating on the manufacturing of products.

Suburban Tract Development

The process of dividing an area of land, often in the outskirts of a city, into lots for the construction of a large number of similar homes or residential units.