Chapter 26: Government Economic Policies
2 years ago
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  • Question 1
    30 seconds
    Q. Which of these is not a major macroeconomic objective of governments?
    answer choices
    Low and stable inflation
    Increasing pofitability of companies
    Full employment
    High and sustainable growth
  • Question 2
    30 seconds
    Q. The four government objectives are low inflation, low unemployment, balance of payments and
    answer choices
    Safe defence spending
    Economic growth
    High interest rates
    Low tax revenue
  • Question 3
    30 seconds
    Q. Which one of the following is not part of the business cycle?
    answer choices
    Growth
    Slump
    Recession
    Maturity
  • Question 4
    30 seconds
    Q. What type of policy is the use of interest rates to control the economy?
    answer choices
    demand side policy
    fiscal policy
    insurance policy
    monetary policy
  • Question 5
    30 seconds
    Q. What should the government do to the value of £ to increase exports and economic growth?
    answer choices
    Increase the value of the pound (appreciation)
    Decrease the value of the pound (depreciation)
    Revaluation of the pound
    None of the above
  • Question 6
    30 seconds
    Q. Which of the following would be an expansionary fiscal policy (increasing economic growth)?
    answer choices
    lowering income tax
    raising the value of £
    printing money
    lowering government expenditure (spending)
  • Question 7
    30 seconds
    Q. Which of the following would be an expansionary monetary policy (increase in economic growth)?
    answer choices
    raising wages of prison staff
    raising interest rates
    lowering interest rates
    lowering government spending
  • Question 8
    30 seconds
    Q. Income tax is a
    answer choices
    direct tax
    voluntary tax
    indirect tax
    sales tax
  • Question 9
    30 seconds
    Q. Which of the following products will be most likely affected by an increase in income tax?
    answer choices
    Petrol
    Salt
    Jewellery
    Bread
  • Question 10
    30 seconds
    Q. Which of the following is a Direct Tax?
    answer choices
    Excise Duty
    Import Tariff
    Value Added Tax
    Council Tax
  • Question 11
    30 seconds
    Q. One way to measure economic growth is to
    answer choices
    count the number of businesses in a country
    compare GDP
    measure the number of imported goods coming into a country
    compare interest rates
  • Question 12
    30 seconds
    Q. Which one of the following is NOT a supply side policy?
    answer choices
    the government increasing competition in all industries
    the government reducing import controls
    the government investing in training and education
    the government privatising national industries
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