Which statements about public policy are true?
A) Fiscal policy determines the supply, demand, and value of our U.S. currency.
B) Industrial policy directs resources to the development of specific industries.
C) Taxation policy changes tax rates to encourage or discourage spending.
D) Trade policy encouraging or discouraging international trade with specific countries.
E) Government economic policies make only a small impact on economic development.

Question

Quizplus · Accepted Answer

B) Industrial policy directs resources to the development of specific industries.
C) Taxation policy changes tax rates to encourage or discourage spending.
D) Trade policy encouraging or discouraging international trade with specific countries.
These statements are true about public policy. A is incorrect as fiscal policy relates to government spending and taxation, not currency. E is incorrect as government economic policies can have significant impacts on economic development.

Which Statements About Public Policy Are True