Nonactivists Propose Doing Nothing in the Face of Economic Hardship

question 22

Multiple Choice

Nonactivists propose doing nothing in the face of economic hardship because ________.

• A)markets can take quite a bit of time to self-correct
• B)excessive unemployment tends to disappear on its own accord
• C)while households feel the hardship,firms typically benefit
• D)all of the above
• E)none of the above

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Definitions:

Marginal Benefit

The supplementary value or advantage gained by using or generating one more quantity of a good or service.

Marginal Benefits

The additional benefits or advantages gained from an increase in an activity or the consumption of a good or service.

Flood-Control Projects

Initiatives and constructions undertaken to manage and prevent flooding in vulnerable areas, typically involving barriers, dams, and water diversion systems.

Spillovers

Refers to the impact that an economic activity has on unrelated third parties, which can be either positive or negative.