A good policy ________________ and a bad policy _________________.
a. Moves an asset to higher value use; moves an asset to lower value use
b. Moves an asset to lower value use; moves an asset to higher value use
c. Refrains from any government intervention; concentrates on government intervention
d. Concentrates on government intervention; refrains from government intervention
Question 2
The zero sum fallacy refers to
a. You gaining only if someone else loses
b. The allocation of the pieces of the total economic pie- if you eat the piece, I cannot consume it
c. Ignores the possibility of the total pie growing itself
d. All of the above
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International Economics: Theory and Policy (10th Edition)