Asked by taylor jordy on May 20, 2024
Verified
When the government sets conditions on companies seeking to sell goods or services to
Government agencies it is called
A) fiscal policy.
B) monetary policy.
C) the contracting power.
D) budgetary policy.
Contracting Power
The authority granted to entities, often within the government, to enter into legal agreements or contracts, often for procurement or services.
Government Agencies
Organizations at the federal, state, or local level that implement and manage specific government policies and programs.
- Distinguish between fiscal policy, monetary policy, and other governmental powers.
Verified Answer
LG
Lorde GeorgeMay 23, 2024
Final Answer :
C
Explanation :
The contracting power refers to the government's ability to set conditions on companies seeking to sell goods or services to government agencies. This can include requirements for price, quality, and other factors. Fiscal policy refers to the government's use of taxation and spending to influence the economy, while monetary policy refers to the use of interest rates and other monetary tools. Budgetary policy refers specifically to the government's budget and spending priorities.
Learning Objectives
- Distinguish between fiscal policy, monetary policy, and other governmental powers.