The Part of the Policymaking Process That Involves Choosing a Specific

question 43

Multiple Choice

The part of the policymaking process that involves choosing a specific policy from among the proposals that have been discussed is known as

• A) policy formulation.
• B) policy implementation.
• C) policy adoption.
• D) policy choices.
• E) policy determination.

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Definitions:

Financial Transaction

An agreement, communication, or movement of funds between two parties that results in the exchange of financial instruments.

Disposable Income

Disposable income is the amount of money that households have available for spending and saving after income taxes have been accounted for.

Typical Corporation

A standard business entity where ownership is divided into shares of stock, offering limited liability to its shareholders and being subject to corporate tax rates.

Disposable Income

Money left for savings and expenditures in households after paying income taxes.