public policy DEFINITION and EXAMPLE:

Select one:

A. A government plan of action to achieve some purpose to affect society; controlling prices and wages are examples of economic public policies that modify the free market.

B. Established rules for organizations intended to protect society; Antitrust law is an example of an economic public policy which prohibits anticompetitive business practices like collusion.

C. A government plan of action to achieve some purpose to affect society; Cash for clunkers is a social public policy that stimulated the economy and helped to protect the environment.

D. Established rules for organizations intended to protect society; Government incentives for bringing your own grocery bags to the grocery store.