ECONOMICS
COST BENEFIT ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Don’t just look at the benefits and costs from the financial side
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The things that are included are in accordance with the interests of the government
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It is not always easy to see the potential impact of a policy
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It is not always easy to assess the “true value” of a potential impact
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Detailed explanation-1: -The four main types of public policy include regulatory policy, constituent policy, distributive policy, and redistributive policy. These four policy types differ in terms of what their goals are, and who they impact or benefit.
Detailed explanation-2: -Explanation: Government policies can impact loan rates, and an increase in interest rates increases the borrowing cost. Higher rates will decrease the buyer from spending, yet Lower loan costs draw in a venture as organizations increment production.
Detailed explanation-3: -There are three types of fiscal policy. They are neutral policy, expansionary policy, and contractionary policy.
Detailed explanation-4: -1] Goal-Oriented The reason for the formation and implementation of these policies is the welfare of the citizens of the nation. So the government can use public policies to implement government programs to achieve their goals. For example, the current government has a financial inclusion policy.