The opportunity costs of different policies must be weighed to solve which of the following obstacles?
A)Rational expectations problems.
B)Measurement problems.
C)Goal conflicts.
D)Implementation problems.

Question

Quizplus · Accepted Answer

Opportunity costs refer to the alternative options and benefits that are foregone when making a particular choice or decision. In the context of public policy, opportunity costs are especially relevant when there are goal conflicts. Policymakers need to weigh the benefits and drawbacks of different policies and consider the opportunity costs of each in order to determine which option is the best fit for achieving their desired goals.

The Opportunity Costs of Different Policies Must Be Weighed to Solve