To Provide Quantitative Answers to Policy Questions

question 4

Multiple Choice

To provide quantitative answers to policy questions

• A)it is typically sufficient to use common sense.
• B)you should interview the policy makers involved.
• C)you should examine empirical evidence.
• D)is typically impossible since policy questions are not quantifiable.

---

Definitions:

Activity Decreases

Reductions in the volume or intensity of activities, often leading to lower costs or changes in operational strategies.

Cost Estimation

The process of predicting the amount of resources, especially money, time, and labor, necessary to complete a project or produce a product.

Strong Correlation

A statistical relationship between two variables where a change in one is strongly associated with a change in the other.

Production Driven

Production driven refers to a business approach that prioritizes the efficiency and volume of production, often at the expense of other factors such as customer demand or innovation.