People still debate economic policy today. Based on the definition above, which of the following is a question about economic policy?
Should a panda be considered a bear? Who should have the right to vote? Should students raise their hands before answering? Should the government raise taxes to build roads?
Jacksonian America was the period of United States history from the 1820s to the 1840s. It is named after Andrew Jackson, who was president for part of that time. In the following questions, you will learn about debates that took place in Jacksonian America over economic policy. Read the definition of economic policy. Then answer the question below.
Economic policy is the set of decisions the government makes about how to get and use money and resources. It also includes rules about how people and businesses can use resources, produce goods, and earn or spend money.
Look at the underlined part of the definition.
Economic policy is the set of decisions the government makes about how to get and use money and resources. It also includes rules about how people and businesses can use resources, produce goods, and earn or spend money.
Based on that definition, this choice is correct:
Should the government raise taxes to build roads?
This question is about how the government should collect and spend money, so it is a question about economic policy.