Author Question: If elected officials prefer policy actions that make benefits available quickly while deferring ... (Read 132 times)

FButt · **on:** Jun 29, 2018

If elected officials prefer policy actions that make benefits available quickly while deferring costs, they will be inclined to favor

A) an easier monetary policy to counter recession.
B) increased appropriations to provide jobs for unemployed workers.
C) a wage and price freeze to control inflation.
D) all of the above.
E) none of the above.

Question 2

Gus happens to spot a couple of sunbathers during his walk in the park. The sunbathers generate

A) a negative externality if Gus is disturbed by their activity.
B) a positive externality if Gus enjoys witnessing their activity.
C) both of the above.
D) neither of the above, as long as no monetary payment was involved.