Based on the Window of Opportunity Theory, for an Idea

question 11

Multiple Choice

Based on the window of opportunity theory, for an idea to become a public policy the following elements must be present:

• A)cost analysis, policy alternatives and lack of consequences
• B)small changes to existing policies and political support
• C)a compelling public problem, timing, political support, and a solution
• D)administrative direction and public interest
• E)legislative imperative

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Definitions:

Marginal External Cost

The additional cost incurred by society as a whole due to one more unit of a good being produced, not accounted for by the producer.

Competitive Price

The price at which a product or service is sold that is reasonably close to the prices of competing products or services in the same market.

Socially Optimal Levels

Situations or outcomes in an economy that are considered the best from the standpoint of society as a whole, often involving efficient allocation of resources.

Effluent Dumping

The discharge of pollutants or waste materials into the environment, particularly into water bodies, without adequate treatment.