Economic policy in the real world reflects:
A) special interest desires only.
B) cost/benefit analysis only.
C) a balancing of cost/benefit analysis and special interest desires.
D) a complete lack of understanding of the principles of economics.

Question

Quizplus · Accepted Answer

Economic policy in the real world often involves a balancing act between cost/benefit analysis and the desires of special interest groups, as policymakers must consider both economic efficiency and political realities.

Economic Policy in the Real World Reflects