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Chako Chako
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8 years ago
The argument that strategic planning is not likely to be practical due to insufficient information means that
A) if the government had all the relevant information in a given industry then it could decide whether a subsidy would enhance the public's welfare.
B) the government would need to employ its intelligence agencies in order to gain a complete understanding of the market.
C) because of trade secrets, the government does not know true cost relationships in any given industry.
D) due to recent cuts in the Department of the Census' sampling budgets, industry surveys are no longer reliable, so that there is no way to determine if a subsidy is in the public's interest.
E) even if the government had all the relevant information in a given industry, it still could not decide whether a subsidy would enhance the public's welfare.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
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8 years ago
Don't forget to vote my answer as best Nerd Face
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