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Which best describes the difference between economic and social policies?

A. Economic policies control the supply of money, while social policies manage spending.
B. Economic policies address educational issues, while social policies regulate businesses.
C. Economic policies fund public schools, while social policies provide Social Security.
D. Economic policies manage taxes, while social policies provide public assistance.

Sagot :

GinnyAnsweridn

Final answer:

Economic policies influence the economy through financial measures, while social policies aim to enhance societal welfare.


Explanation:

Economic policies refer to the actions taken by governments to influence the economy, such as controlling interest rates and taxation, to foster economic growth and stability. On the other hand, social policies focus on specific programs that provide resources to society members, create regulations, and aim to fund the government equitably, like Social Security or public assistance programs. While economic policies manage financial aspects, social policies aim to address societal welfare and well-being.


Learn more about Difference between economic and social policies here:

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