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ECO Quiz 2

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Review Test Submission: Q2, Quiz 2, Chapter 2 Question 1 5 out of 5 points When a government program is justified not on its merits but on the number of jobs it will create, Selected Answer: b.   it is known as the “broken window fallacy.” Answers: a.   the program is an efficient use of taxpayer dollars. b.   it is known as the “broken window fallacy.” c.   it should be approved only if the unemployment rate is low. d.   taxes should be raised to fund the program. Question 2 5 out of 5 points The “broken window fallacy” Selected Answer: d.   is illustrated when a government program is justified not on its merits but on the number of jobs it will create. Answers: a.   has nothing to do with public policy. b.   explains