A nation manages the collection and spending of its revenues through ________ policy.
A) fiscal
B) monetary
C) foreign
D) economic

Question

Quizplus · Accepted Answer

Fiscal policy refers to the government's decisions about collecting and spending revenues. This includes decisions about taxation, government spending, and budget deficits or surpluses. Monetary policy, on the other hand, refers to decisions by a central bank about interest rates and the supply of money in the economy. Foreign policy relates to a country's interactions with other countries, while economic policy is a broader term that can include both fiscal and monetary policy.

A Nation Manages the Collection and Spending of Its Revenues