The Argument That Strategic Planning Is NOT Likely to Be

question 7

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:

Basal Cell Carcinoma

A type of skin cancer that arises from the basal cells, which are small, round cells found in the lower part of the epidermis. It is usually caused by long-term exposure to UV radiation from the sun.

Squamous Cell Carcinoma

A type of skin cancer arising from squamous cells, which are flat cells found in the skin's outer layer, potentially aggressive if untreated.

Sweat Glands

Specialized exocrine glands found in the skin responsible for the production and excretion of sweat, playing a key role in thermoregulation and waste excretion.

Epidermis

The outermost layer of the skin, providing a waterproof barrier and creating our skin tone.