______ Evaluations Focus on the Extent to Which a Program's

question 4

Multiple Choice

______ evaluations focus on the extent to which a program's impact can be demonstrated under authentic program settings.

• A) Effectiveness
• B) Efficacy
• C) Summative
• D) Formulative

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Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, meaning each combination offers the same level of utility or satisfaction.

Highest Possible Price

The maximum price that a product or service can achieve in a market under current conditions.

Lowest Possible Price

the minimum price at which a good or service is offered, considering all factors including cost, demand, and competition.

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in income.