Which of the Following Is NOT a Requirement in Selecting

question 70

Multiple Choice

Which of the following is NOT a requirement in selecting a policy instrument?

• A)measurability
• B)controllability
• C)flexibility
• D)predictability

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Definitions:

Noticeable Effect

A significant impact or change that is easily observed or recognized.

Perfect Competition

Perfect competition is a market structure characterized by a large number of small firms, homogeneous products, and easy entry and exit from the market.

Consumer

This defines an individual who purchases goods and services for personal use, driving demand in the market.

Price

The monetary charge expected, imposed, or given in settlement for something.