UAPP110 Study Guide - Midterm Guide: Harold Lasswell, Appellate Jurisdiction, Dual Federalism
10 May 2017
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Vocab: society achieve goals exclusion is not feasible (ex:natural resources) Common pool resources- goods that cannot be jointly consumed and for which. Effectiveness- whether a current policy or program is one that is considered likely to. Efficiency- what a policy or policy proposal cost in relation to its expected benefits to. Equity- the consideration of what constitutes a fair or equitable policy choice. Government- the institutions and political processes through which public policy choices. Information failure- buyers and sellers do not have the information to enter into an. Market failure- when private market is not efficient, there are 4 types exchange (ex: lack of info about a product or service) are made. Inability to provide for the public or collective good compensation means of achieving them acceptability of a proposal in government and the political process or lack thereof. Negative externality- two parties interact and the third is harmed and does not get.
