Which of the following is not a reason why many economic policies fail?
A) Measurement difficulties prevent problems from being identified.
B) Unlike other decisions,policy choices do not entail opportunity costs.
C) There are significant time lags in response to policy.
D) Forecasts are frequently inaccurate.

Question

Quizplus · Accepted Answer

Unlike other decisions, policy choices do entail opportunity costs. Economic policies often require resources to be allocated towards solving a particular issue, which means that resources cannot be used for other purposes. This is an opportunity cost. Therefore, option B is not a reason why economic policies fail.

Which of the Following Is Not a Reason Why Many