Which of the Following Is the Final Step in an Informal

question 58

Multiple Choice

Which of the following is the final step in an informal rulemaking process?

• A) Proposed rules are published in the Federal Register.
• B) Interested parties file written comments on the written draft within a 30-day period from publication in the Federal Register.
• C) Agency receives feedback from interested parties during a stipulated period of time and makes a decision on whether the final draft should be rewritten.
• D) Final draft of a rule is published in the Federal Register 30 days before it takes effect.

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Definitions:

Comparative Advantage

The talent of a country or business to create a certain product or service more efficiently, incurring lower opportunity costs than competing entities.

Absolute Advantage

A condition where an entity can produce a good at a lower cost in terms of labor, resources, and time than another entity producing the same good.

Opportunity Cost

Forgoing possible gains from alternative choices when one path is taken.

Opportunity Cost

The expense incurred by not selecting the next most favorable choice while making a decision.