When Studying the Effects of Public Policy Changes, What Do

question 196

Multiple Choice

When studying the effects of public policy changes, what do economists do?

• A)They often falsify results if the desired effect is not reached.
• B)They may make different assumptions for the long run and the short run.
• C)They attempt to consider only the direct effects and not indirect effects.
• D)They can immediately change policies if they are ineffective.

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Definitions:

Arbitrary Approach

A method based on individual judgment or preference rather than objective logic or system.

Promotion Mix

The combination of promotional tools used by an organization, including advertising, sales promotion, public relations, personal selling, and direct marketing.

Objective And Task

A method in advertising and marketing involving the setting of objectives and determining the tasks necessary to achieve them.

Budgeting Methods

Financial strategies used to plan and allocate resources, often income and expenditure, over a specified period.