Question

He "broken window fallacy" a. explains why inflation is so high. b. is illustrated when a government program is justified not on its merits but on the number of jobs it will create. c. has nothing to do with public policy. d. is a justification for the government to print more money.

Answer 1

Answer: b. is illustrated when a government program is justified not on its merits but on the number of jobs it will create.

Explanation:

The broken window fallacy is simply a parable that is used to denote that when a country guess to war, it may be good for the country as it is good for the country's economy. It is a message which denotes that a beneficial event that can result in economic consequences that are negative for many others.

The broken window fallacy is illustrated when a government program is justified not on its merits but on the number of jobs it will create.