It Is Preferable to Use Monetary and Fiscal Policies Rather

question 26

Multiple Choice

It is preferable to use monetary and fiscal policies rather than direct controls to correct external balance problems because direct controls

• A) are ineffective.
• B) are not legal under WTO rules.
• C) interfere with the market mechanism.
• D) cannot be used with other economic policies.

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Definitions:

Group Outcomes

The results or consequences of activities and dynamics within a team or collective.

Others' Efforts

The contribution and hard work of other people which can impact an individual's motivation and performance.

Group Decision-Making

The process of making choices or solving problems as a group, rather than by an individual.

Social Loafing

The tendency of individuals to exert less effort when working in a group than when working alone.