Which of the Following Is Important for Policymakers to Consider

question 44

Multiple Choice

Which of the following is important for policymakers to consider when designing public policy?

• A)the possibility that policies might change behaviour
• B)the direct effect of policies
• C)the indirect effect of policies
• D)all of the above

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Definitions:

National Defense

The government functions and mechanisms aimed at protecting a country against external aggression, threats, and maintaining sovereignty.

Free Market

An economic system where prices are determined by unrestricted competition between privately owned businesses, without excessive government control or intervention.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive (beneficial) or negative (harmful).

Education's Benefit

Refers to the positive impacts of education on an individual's abilities, earning potential, and societal contributions.