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Which of the Following Would Not Be Used in an Impact

question 20

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Which of the following would not be used in an impact evaluation?


Definitions:

Efficiency

A measure of how well resources are used to achieve a goal, typically minimizing waste and cost while maximizing output or outcomes.

Least Possible Cost

The minimum expense required to achieve a particular economic objective.

General Equilibrium

A situation in which supply and demand are balanced across all markets in the economy.

Simultaneously Equilibrium

A condition in which demand and supply are balanced at the same time across multiple markets or within a complex system.

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