Exam 6: Assessing Policy Alternatives

Which decision-making tool studies the expected outcomes of a policy proposal while also calculating the expected financial impact?

A difficult and relatively infrequent type of policy analysis that systematically examines ethical or normative issues in public policy is referred to as a ______.

Which evaluative criterion is concerned with how well the policy has worked and the policy outcomes that occur?

What is forecasting?

Explain what is involved in risk assessment and when this approach is used.

What is an advantage of using a cost-effectiveness analysis?

What is an ethical analysis?

Why is policy implementation one of the most important steps in the policy making process?

______ can be defined as a procedure for producing factual information about future states of society on the basis of prior information about policy problems.

Which of the following does not attempt to assign dollar values to potential benefits but instead compares different policy alternatives that can produce these benefits in terms of their relative costs?

Explain how cost-benefit analysis works.

Which are the three most commonly utilized criteria for evaluating policy proposals? Define each of these three criteria and give an example of a policy proposal (real or fictitious) in which it could be used.

What are some of the benefits of using a sensitivity analysis?

Nearly every policy proposal is concerned with the criterion of ______.

Define risk.

Gasoline prices surged in ______.

The U.S. Environmental Protection Agency (EPA) uses ______ to determine the level of chemicals and other pollutants that can be present in water and still be considered safe to drink.

Which evaluative criterion is concerned with the perceived fairness of the policymaking process or its outcomes?

What is risk evaluation?

What are the two different meanings of the term equity?