In Principle,we Can

question 56

Multiple Choice

In principle,we can

• A)ignore positive statements when choosing among various public policy alternatives.
• B)ignore normative statements when choosing among various public policy alternatives.
• C)confirm or refute positive statements by examining evidence.
• D)confirm or refute normative statements by examining evidence.

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Definitions:

Optimal Allocation

The most efficient distribution of resources and efforts among various possible tasks or uses to maximize desired outcomes or objectives.

Social Good

refers to an action or a policy that benefits society at large, often with an emphasis on public resources and welfare.

Marginal Benefit (MB) Curve

A graphical representation that shows the additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Pollution Abatement

Actions or measures taken to reduce, control, or eliminate pollution and its negative effects on the environment.