Economic Policy Assignment
Public policy begins with implementing a solution✔ identifying an issueforming a solution. 2.Then, government officials implement the solutionidentify an issue✔ form a solution. 3.Finally, a government agency ✔ implements the solutionidentifies the issueforms a solution.
(by the checkmarks)
What are the main goals of economic policy within a free-enterprise system? Check all that apply.
2,3,5
f you were a policy maker in Country LT, how would you ensure that the ideals of free enterprise are preserved while protecting the citizens of your nation? Explain your answer in three to four sentences.
If I were a policy maker in Country LT, I would create a regulatory policy that allowed the grain producer to make as much in profit as possible, but still protect consumer needs. The company would be required to create various smaller companies, each selling different types and quality of grain for varying prices. This would preserve the ideals of free enterprise, encourage competition within the market, and help to keep food costs down for consumers.
The main reason governments address public problems through policy is
a
Which phrase is the best definition of public policy?
c
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 policyX regulatory policyX monetary 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 regulatory policy✔ trade policymonetary policy. The government of Country C has created protections for employees within factories to ensure their physical safety. This is an example of X fiscal policymonetary policy✔ regulatory policy.
checks)
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?
increasing the money supply so that consumers have more money to purchase goods
