Economic Policy

Question 1

Which phrase is the best definition of public policy?

Revolt · Accepted Answer

actions a government takes when responding to a public problem

Question 2

The main reason governments address public problems through policy is

Revolt · Accepted Answer

to ensure that citizens’ needs are met and protected.

Question 3

implementing a solutionidentifying an issueforming a solution

Revolt · Accepted Answer

identifying an issue; 1.Public policy begins with . 2.Then, government officials . 3.Finally, a government agency .: identifying an issue; 1.Public policy begins with . 2.Then, government officials . 3.Finally, a government agency .: form a solution; 1.Public policy begins with . 2.Then, government officials . 3.Finally, a government agency .: implements the solution

Question 4

The government of Country A has lowered taxes to allow citizens to bring home more money in every paycheck. This is an example of [___].

Revolt · Accepted Answer

fiscal policy; The government of Country A has lowered taxes to allow citizens to bring home more money in every paycheck. This is an example of .: fiscal policy; The government of Country B has decided to stop trading with outside nations in the hope of boosting demand for domestic goods. This is an example of .: trade policy; The government of Country C has created protections for employees within factories to ensure their physical safety. This is an example of .: regulatory policy

Question 5

Country Q has noticed a rapid increase in their unemployment rate and a sharp decline in their GDP.What should policy makers focus on to help balance these economic indicators?

Revolt · Accepted Answer

increasing the money supply so that consumers have more money to purchase goods

Economic Policy Answers

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