Which of the following generalizations is derived from the economist's framework?
A) Politicians always take too long to enact regulations because they must wait for economic advisors to perform a cost/benefit analysis.
B) Policies that relieve immediate suffering often have the best long-run consequences.
C) Sound policies often are prevented by individuals' self-interest-seeking activities.
D) Government regulations have the same impact whether they are designed on the basis of cost/benefit analysis or were developed as a reaction to real-world events.

Question

Quizplus · Accepted Answer

Economists often argue that individuals acting in their own self-interest can lead to outcomes that are not socially optimal, which can prevent the implementation of sound policies.

Which of the Following Generalizations Is Derived from the Economist's