Week 6 DQ 1, economics homework help

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XrivaFnintr

Economics

Description

Which of the many evaluative criteria are the most important? Economic costs or efficiency? Policy effectiveness? Equity? Why do you think so? Are some criteria more important for certain kinds of policy questions than for others?

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Explanation & Answer

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Outline
I.

Introduction

II.

Conclusion

III.

References


Running Head: EVALUATIVE CRITERIA

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Evaluative Criteria
Name
Institution

EVALUATIVE CRITERIA

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Evaluative Criteria

Economic costs or efficiency refer to an economic state that allocates every resource
optimally so that every individual can be served best. Meanwhile, economic efficiency helps
individuals whereas minimizing inefficiencies and wastes. Economic costs develop nations since
they lead to efficiency such that making changes or an entit...

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