economic policy example #74667

17 November 2023
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question
which phrase is the best definition of public policy?
answer
actions a government takes when responding to a public problem
question
the main reason governments address public problems through policy is
answer
to ensure that citizens' needs are met and protected
question
what are the main goals of economic policy within a free-enterprise system?
answer
1. to ensure that the economic needs of citizens are met, such as employment 2. to ensure that the market is fair, allowing for competition and consumer choice 3. to work toward solving the problem of poverty
question
A country 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?
answer
Increasing the money supple so that consumers have more money to purchase goods
question
which of these policies would a government take when it comes to employment?
answer
ensuring that as many workers are employed as possible
question
When an economy suffers from low production, a country cannot
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enjoy a steady rate of economic growth
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public policy can be best defined as
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a course of action the government takes in response to an issue or problem
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rules ensuring that businesses offer safe products to consumers are part of a nation's
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regulatory policy
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in a free enterprise system, governments address public problems through policy to ensure that
answer
citizens' needs are met and protected