Economic Policy Answers

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X the government onlyindividuals onlybusinesses only✔ all are affected

A
X the government only
B
individuals only
C
businesses only
D
✔ all are affected
3

citizensforeign governments

A
citizens
B
foreign governments
4

✔ monetary policyregulatory policy

A
✔ monetary policy
B
regulatory policy
5

What are the qualities of a free-enterprise system? Check all that apply.Free-enterprise systems encourage free interaction between producers and consumers.Producers cannot control what they produce in a free-enterprise system.Governments create policies to protect the safety of citizens and fairness in the market.In a free-enterprise system, ideals and needs must be balanced.In free-enterprise systems, governments never become involved in social and economic issues.

A
Free-enterprise systems encourage free interaction between producers and consumers.
B
Producers cannot control what they produce in a free-enterprise system.
C
Governments create policies to protect the safety of citizens and fairness in the market.
D
In a free-enterprise system, ideals and needs must be balanced.
E
In free-enterprise systems, governments never become involved in social and economic issues.
6

✔ develop a plancreate new public policy

A
develop a plan
B
create new public policy
7

X monetary policy✔ regulatory policy

Answers:
When the government creates new laws about employee safety, the government creates .:regulatory policy
The amount of money that citizens pay in taxes, along with the amount of money that the government can spend, are part of .:fiscal policy
If the government decides to limit the number of goods that can be traded with another nation, the government creates .:trade policy
To control economic challenges, such as inflation, governments use .:monetary policy
8

✔ citizensforeign governments

A
citizens
B
foreign governments
9

✔ fiscal policyX trade policy

A
✔ fiscal policy
B
X trade policy
10

monetary policy✔ trade policy

A
monetary policy
B
✔ trade policy
11

According to the scenario, what is one economic challenge that Country D faces?

Answers:
When the government creates new laws about employee safety, the government creates .:regulatory policy
The amount of money that citizens pay in taxes, along with the amount of money that the government can spend, are part of .:fiscal policy
If the government decides to limit the number of goods that can be traded with another nation, the government creates .:trade policy
To control economic challenges, such as inflation, governments use .:monetary policy

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