Which of the Following Is the Best Explanation for Why

question 199

Multiple Choice

Which of the following 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:

Marginal Product

The increase in output that arises from an additional unit of input.

Nonlabor Resources

Resources used in the production process that do not involve human labor, such as capital, land, and raw materials.

Worker

An individual who performs tasks or services for compensation, contributing labor to an economy.