What Is the Correct Order of the Policy Decision-Making Process

question 70

Multiple Choice

What is the correct order of the policy decision-making process?

• A)identify a problem - consider options - formulation - adoption - implementation - evaluation
• B)identify a problem - consider options - adoption - formulation - implementation - evaluation
• C)consider options - adoption - formulation - implementation - evaluation - identify a problem
• D)consider options - formulation - adoption - implementation - evaluation
• E)identify a problem - consider options - formulation - adoption - evaluation - implementation

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Definitions:

Food Expenditures

The amount of money spent by households or individuals on food products, either at home or in dining establishments.

Nominal Box Office Receipts

The total amount of money earned from ticket sales for movies at theaters, not adjusted for inflation.

Prices

The cash amount predicted, necessary, or offered as compensation for something.

Real Interest Rate

The interest rate that has been adjusted to remove the effects of inflation, representing the true cost of borrowing and the true yield on investing.