The main reason the usefulness of Pareto optimal policies is limited as a policy guide is that:
A. it is too subjective.
B. real-world changes in which more people are helped than are harmed are rare.
C. real-world changes in which no one is harmed are rare or nonexistent.
D. it is only objective, and good policy also requires a subjective element.
Answer: C
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A) the demand curve for recycled plastic shifts to the left. B) there is a movement up along the demand curve for recycled plastic. C) there is a movement down along the demand curve for recycled plastic. D) the demand curve for recycled plastic shifts to the right.
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If the actual federal funds rate is 9 percent and the Fed's target federal funds rate is 8 percent, the Fed is most likely to adopt which of the following policies?
A. A sale of government bonds B. A reduction in the reserve requirement C. A more contractionary monetary policy D. An increase in the discount rate
________ extended the government's authority to ban vertical and conglomerate mergers.
A. The Federal Trade Commission Act B. The Sherman Antitrust Act of 1890 C. The Clayton Act of 1914 D. The Celler-Kefauver Act of 1950