Question

1. define economic policy without using the word economic. provide 1 example of and economic policy.

Answer 1

Answer:

1. Economic Policy is:  A course of action that is intended to influence or control the behavior of the market.  An example is a decision made about government spending and taxation, about the supply of money and or redistribution of income.

2. Social Policies consist of:  guidelines, principles, legislations and activities that affect living conditions such as quality of life.  

3. Foreign Policy:  Are governments rules and or strategies in dealing with another nations.  Examples could be whether to give financial support, military support or what the trade rules will be.

Explanation: