Governments use microeconomic models to
A) predict the impact of a policy before adopting it.
B) consider the tradeoff between clean air and a high level of GDP.
C) determine the tradeoff between equity and efficiency.
D) All of the above.

Question

Quizplus · Accepted Answer

Microeconomic models are used by governments to predict the impact of a policy before adopting it, consider the tradeoff between clean air and a high level of GDP, and determine the tradeoff between equity and efficiency. Therefore, option D is the correct choice as it includes all of the above options.

Governments Use Microeconomic Models to