Public Policy Flashcards
1
Q
What is public policy?
A
-Principle action purposed by govt. / political party/ organization intended to achieve a specific goal
2
Q
What is politics?
A
-Is the process by which to choose best policy for goals
3
Q
What are the 3 types of economic policy?
A
- Distributive
- Redistributive
- Regulatory
4
Q
What is distributive?
A
-Govt. is distributing some public good to help one group but not at the expense of the other
5
Q
What is redistributive?
A
-Collects goods and redistributes to other groups
6
Q
What is regulatory?
A
Govt. prescribes, requires or prohibits people in a certain way
