In assessing the efficiency of government policy, economic analysis would focus on:

Question

Quizplus · Accepted Answer

Economic analysis would focus on evaluating the marginal benefits and costs of government policy and action. This involves examining the potential positive and negative effects of the policy, and determining whether the benefits outweigh the costs. The size of government, presence or absence of the "invisible hand", or revenues and profitability of government agencies are not central concerns of economic analysis in assessing efficiency of government policy.

In Assessing the Efficiency of Government Policy, Economic Analysis Would