Policy Tools That Are Focused on Either Increasing the Availability

question 9

Multiple Choice

Policy tools that are focused on either increasing the availability of a good or reducing the need for that good would be looking at a problem from which perspective?

• A) effective or efficient
• B) supply and demand
• C) liberal or conservative
• D) internal and external

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Definitions:

Stochastic

Pertaining to processes involving randomness or probability.

Genetically Programmed

Characteristics or behaviors encoded in an organism's DNA, predetermined by genetic inheritance.

Nonstochastic

Relates to a process or model that is deterministic, meaning it is not random and outcomes can be predicted with certainty.

Aging Population

Refers to the increasing median age in the population of a region due to declining fertility rates and/or rising life expectancy.