A policy can be defined as a _____________ action course that serves as a guide for the identified and accepted objectives and goals
a. predefined
b. flexible
c. necessary
d. unkown
Answer: a. predefined
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When a child-care agency refuses to hire Jack simply because he is male, it is called: a. wage discrimination
b. job-entry discrimination. c. affirmative action. d. environmental factor discrimination.
A rational decisionmaker takes an action if and only if
a. the marginal benefit of the action exceeds the marginal cost of the action. b. the marginal cost of the action exceeds the marginal benefit of the action. c. the marginal cost of the action is zero. d. the opportunity cost of the action is zero.
A newspaper reports that the average price of new homes in a certain city had decreased, and the number of new homes sold had also decreased. This situation is probably caused by
A. higher government subsidies to new homebuyers in that city. B. a rising population in that city. C. decreasing incomes of people in that city. D. decreasing costs of construction materials and services in that city.
Fiscal policy is the manipulation of government spending and taxes
a. True b. False Indicate whether the statement is true or false