Arguments for Discretionary Policies Include

question 16

Multiple Choice

Arguments for discretionary policies include

• A)policy rules can be too rigid because they cannot foresee every contingency.
• B)policy rules do not easily incorporate the use of judgment.
• C)discretion avoids the straightjacket that would lock in the wrong policy if the model that was used to derive the policy rule proved to be incorrect.
• D)discretion enables policy makers to change policy settings when an economy undergoes structural changes.
• E)all of the above.

---

Definitions:

Committed

The state of being dedicated or devoted to a cause, activity, or goal, typically implying a long-term engagement or obligation.

Express

To convey a thought or feeling in words or by gestures and conduct.

Social Dominance Orientation

A personality trait that predisposes individuals to prefer and support social hierarchy and dominance of their in-group over out-groups.

Social Comparison

The process of evaluating oneself in relation to others, often in terms of abilities, achievements, and status.