Question

Give 4 takeaways from the public policy (150 - 200) Examples of relating topics from the topics below Economic and budgetary policies Education policies Environment and energy policy foreign policy and homeland security health care policy Welfare and social security policy

Answer 1

Take aways from public policy

1.economic and budgetary policies

In this type of policy,either the government will have budget deficit or budget surplus.if government wants deficit then their expenditure will exceed revenue.they want to increase economic activity and for that process they will take loans. if government wants surplus then their revenue will be more than expense,and they would not want to take loans.

2.education policies

Government will increase investment in education.they would subsidize education.introduce new educational institutions.basicall they would spend a lot on education and for that they would increase taxes and would incur budget deficit to meet the expense of education.

3.environment and energy policy

To protect the environment,they would impose taxes on firms causing environmental damage.they would increase energy production in the economy by increasing investment in energy sector and providing subsidies to them.

4.foreign policy

Government would try to stabilize exchange rate to maintain smooth functioning of trade.also government would make regulations regarding trade restriction policies according to their economic condition.

5.homeland security

Increase expense on defence.increase taxes.redistribution of income will be followed.tax money would be used to strengthen the homeland security.

6.health care policy

Government would initiate health care insurance schemes.spend on healthcare through redistribution of income policy.

7.welfare and social security policy

Through redistribution of income and increasing tax policy,tax money would be used for welfare and social security mrasure such as provident fund.