After a Problem Is Identified,the Next Step in the Policy

question 38

Multiple Choice

After a problem is identified,the next step in the policy cycle is to

• A)build support for the problem.
• B)develop proposals.
• C)set an agenda.
• D)suggest changes.
• E)implement policy.

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Definitions:

Isoquants

Curves that represent combinations of different factors of production that yield the same level of output, used in production theory.

Slope

The measure of the steepness or incline of a line, often calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Production Function

Describes the relationship between input factors - like labor and capital - and the output of goods or services they produce.

Isoquant

A curve that represents all combinations of inputs that result in the production of a given level of output.