The Second Stage of the Policymaking Process Involves the _____

question 56

Multiple Choice

The second stage of the policymaking process involves the _____ of specific plans for achieving a particular goal.

• A) formulation and adoption
• B) identification and evaluation
• C) evaluation and execution
• D) identification and formulation
• E) adoption and execution

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Definitions:

Long Run

A period of time in economics during which all factors of production and costs are variable, and all adjustments can be made within the economy.

Concentration Ratio

A measure of the market share held by the largest firms within an industry.

Industry

The segment of the economy concerned with production, as opposed to services, characterized by the manufacture of goods.

Firm(s)

Business organizations or entities engaged in commercial, industrial, or professional activities.