Economic Policy

Question 1

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.

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Free-enterprise systems encourage free interaction between producers and consumers.; 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.

Question 2

The amount of money that citizens pay in taxes, along with the amount of money that the government can spend, are part of .

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fiscal policy

Question 3

If the government decides to limit the number of goods that can be traded with another nation, the government creates .

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trade policy

Question 4

To control economic challenges, such as inflation, governments use .

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monetary policy

Question 5

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

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✔ inflation; inflation; all are affected

Question 6

the government onlyX individuals onlybusinesses only✔ all are affected

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✔ all are affected

Question 7

The president of Country XYZ is worried about the increasing unemployment rate. She decides a new policy is needed to solve the problem.

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✔ issue; She has identified the , so her next step is to .: issue; She has identified the , so her next step is to .: develop a plan; To help create a plan of action, , interest groups, and elected officials become involved.: citizens

Question 8

✔ develop a planX create new public policy

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✔ develop a plan

Question 9

✔ citizensforeign governments

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✔ citizens

Question 10

The president of Country XYZ is worried about the increasing unemployment rate. She decides a new policy is needed to solve the problem.

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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

Economic Policy Answers

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