Which of the Following Is NOT One of the Steps

question 16

Multiple Choice

Which of the following is NOT one of the steps of Prince Policy Appraisal?

• A)Identify the players who are likely to affect the decision.
• B)Determine a position for each player.
• C)Estimate the power that each player brings to the issue.
• D)Calculate a budget for the issue when applicable.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that one person's consumption does not reduce the availability to others, and it's hard to prevent people from using them.

Nonrivalry-in-Consumption

A characteristic of certain goods where one person's consumption does not reduce the availability of the good for consumption by others.

External Benefit

A benefit that results from an economic transaction but is received by individuals or groups who are not direct parties to the transaction.

Economic Efficiency

A situation where the allocation of resources produces the maximum possible satisfaction of our wants without wasting any resources.