Public policy can be generally defined as a system of laws, regulatory measures, courses of action, and funding priorities relating to a given topic spread by a governmental entity or its representatives. The policies of the United States of America include all actions taken by its federal government. The executive branch is the primary entity through which policies are passed, though the policies are resulting from a collection of laws, executive decisions, and legal precedents. The correct answer is B: Both set policy related the economy. This is because this kind of public policy includes budget and taxes, which are set in the Constitution of each state as well as in the national one, like minimum wage.
