Question

Which best describes the difference between economic and social policies?Economic policies control the supply of money, while social policies manage spending.Economic policies address educational issues, while social policies regulate businesses.Economic policies fund public schools, while social policies provide Social Security.Economic policies manage taxes, while social policies provide public assistance.

Answer 1

Answer  is D.

 The Economic Policies are those that deal with the goverment money: taxes, interests etc, via the central bank. The Social Policies are related to the welfare, such as health, education etc. In trying to solve some social problems, the government starts some social programs, for example: unemployment insurace.

Answer 2

Economic policies manage taxes, while social policies provide public assistance.