Economics, Chapter 6: The rules of politics are not always the same as the rules of economics. In discussions of setting budgets for government agencies, there is a strategy called “closing the Washington monument.” When an agency faces the unwelcome prospect of a budget cut, it may decide to close a high-visibility attraction enjoyed by many people (like the Washington monument). Explain in terms of diminishing marginal utility why the Washington monument strategy is so misleading. Hint : If you are really trying to make the best of a budget cut, should you cut the items in your budget with the highest marginal utility or the lowest marginal utility? Does the Washington monument strategy cut the items with the highest marginal utility or the lowest marginal utility?

Dr. laguardia is a cognitive neuroscientist who is interested in the effect of brain concussions on the ability to recognize faces. he conducts a quasi-experimental study in which he examines football players before and after the regular season using the benton facial recognition test (a published, widely used measure of one's ability to recognize faces) to compare those who received concussions to those who did not. he finds that players who had concussions during the regular season performed worse on the benton facial recognition test than did players who did not experience which of the following is true regarding external validity in dr.laguardia's study? a. because dr. laguardia selected participants who actually experienced concussions, the study b. because dr. laguardia's study is a quasi-experiment, it is impossible to obtain c. because dr. laguardia's dependent variable was assessed in the laboratory, the study d. because dr. laguardia selected a widely used measure, his study generalizes to has strong external validity. external validity has limited external validity. other applications of this measure.