It is important for policy makers to understand economic theory because:
A) there are different ways for achieving a policy goal.
B) their decisions can alter the distribution of income in society.
C) their decisions can produce undesirable unintended consequences.
D) all of the above.

Question

Quizplus · Accepted Answer

Economic theory provides insights into how different policies can achieve various goals, affect income distribution, and potentially lead to unintended consequences, making it crucial for informed decision-making by policymakers.

It Is Important for Policy Makers to Understand Economic Theory