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

implementing a solution✔ identifying 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 3

implement the solutionidentify an issue✔ form a solution

Revolt · Accepted Answer

✔ form a solution

Question 4

✔ implements the solutionidentifies the issueforms a solution

Revolt · Accepted Answer

✔ implements the solution

Question 5

Question 28537

Revolt · Accepted Answer

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 6

regulatory policy✔ trade policymonetary policy

Revolt · Accepted Answer

✔ trade policy

Question 7

fiscal policymonetary policy✔ regulatory policy

Revolt · Accepted Answer

✔ regulatory policy

Question 8

The main reason governments address public problems through policy is

Revolt · Accepted Answer

to ensure that citizens’ needs are met and protected.

Question 9

What are the main goals of economic policy within a free-enterprise system? Check all that apply.to limit the number of producers that can enter a given marketto ensure that the economic needs of citizens are met, such as employmentto ensure that the market is fair, allowing for competition and consumer choiceto guarantee that all producers are maximizing profitsto work toward solving the problem of poverty

Revolt · Accepted Answer

to ensure that the economic needs of citizens are met, such as employment; to ensure that the market is fair, allowing for competition and consumer choice; to work toward solving the problem of poverty

Question 10

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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