Which of the Following Steps in the Policy-Making Cycle Occurs

question 35

Multiple Choice

Which of the following steps in the policy-making cycle occurs first?

• A) policy adoption
• B) policy implementation
• C) agenda setting
• D) policy evaluation

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Definitions:

Property Rights

Legal rights to possess, use, and dispose of assets such as land, buildings, goods, or intellectual property.

Long-Term Stream

A strategy or planning horizon that focuses on achieving goals or outcomes over an extended period, rather than immediate results.

Optimal Extraction Level

The point at which the rate of resource extraction maximizes the value derived from the resource without depleting it beyond recovery.

Extraction Costs

The expenses associated with removing natural resources from the earth, such as mining for metals or drilling for oil.