To promote economic efficiency

To protect consumers from harm

To ensure fair competition

To generate revenue for the government

Externalities

Natural monopolies

Public goods

All of the above

To correct market failures

To promote economic growth

To protect national security

To raise revenue for the government

Price controls

Quantity controls

Taxes and subsidies

All of the above

Assessing the effectiveness of government policies

Identifying the causes of policy failures

Developing new policy proposals

Implementing government policies

Cost-benefit analysis

Benefit-cost analysis

Cost-effectiveness analysis

All of the above

Cost-benefit analysis focuses on the costs of a policy, while benefit-cost analysis focuses on the benefits.

Cost-benefit analysis compares the costs and benefits of a policy, while benefit-cost analysis only considers the benefits.

Cost-benefit analysis is a more comprehensive method of analysis than benefit-cost analysis.

There is no difference between cost-benefit analysis and benefit-cost analysis.

To compare the costs and benefits of different policies

To identify the most cost-effective way to achieve a policy objective

To evaluate the effectiveness of a policy in achieving its intended objectives

All of the above

A policy to reduce air pollution

A policy to improve educational outcomes

A policy to promote economic growth

All of the above

Data limitations

Uncertainty about the effects of a policy

The difficulty of isolating the effects of a policy from other factors

All of the above

It helps policymakers design and implement effective regulations.

It promotes economic efficiency and consumer welfare.

It ensures that regulations are fair and equitable.

All of the above.

Externalities

Natural monopolies

Public goods

Perfect competition

A price ceiling is a maximum price that can be charged for a good or service, while a price floor is a minimum price that can be charged.

A price ceiling is a minimum price that can be charged for a good or service, while a price floor is a maximum price that can be charged.

A price ceiling is a maximum price that can be charged for a good or service, while a price floor is a maximum price that can be paid for a good or service.

A price ceiling is a minimum price that can be charged for a good or service, while a price floor is a minimum price that can be paid for a good or service.

To increase the quantity of a good or service that is produced.

To decrease the quantity of a good or service that is produced.

To increase the price of a good or service.

To decrease the price of a good or service.

To increase the quantity of a good or service that is produced.

To decrease the quantity of a good or service that is produced.

To increase the price of a good or service.

To decrease the price of a good or service.