Asked by julia martin on Sep 23, 2024
Verified
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
Good Policy
A set of principles or guidelines designed to achieve rational outcomes, often considered to be beneficial for the majority.
Bad Policy
Decision-making or guidelines that result in adverse outcomes or fail to achieve the intended objectives, often criticized for inefficiency or ineffectiveness.
Government Intervention
Actions taken by a government to influence or directly manage an economy, industry, or market, typically with the goal of correcting market failures or achieving social objectives.
- Learn about the dynamics of wealth creation or elimination influenced by various economic policies and actions.
- Analyze the repercussions of government interventions in market processes, taking into account tax levies, price control implementations, and subsidy offerings.
Verified Answer
FB
Fiesta Business Solutions1 day ago
Final Answer :
A
Explanation :
A good policy should aim to move an asset to a higher value use, while a bad policy would result in moving an asset to a lower value use. This implies maximizing the asset's potential and generating more value from it, which is a desirable outcome for any policy. Choices C and D are too extreme and do not provide any indication of what the policy is meant to achieve. Therefore, choice A is the best option.
Learning Objectives
- Learn about the dynamics of wealth creation or elimination influenced by various economic policies and actions.
- Analyze the repercussions of government interventions in market processes, taking into account tax levies, price control implementations, and subsidy offerings.