10 questions
Which of these is not a major macroeconomic objective of governments?
Low and stable inflation
Increasing profitability of companies
Full employment
High and sustainable growth
The four government objectives are low inflation, low unemployment, balance of payments and
Safe defence spending
Economic growth
High interest rates
Low tax revenue
What type of policy is the use of interest rates to control the economy?
demand side policy
fiscal policy
insurance policy
monetary policy
Which of the following would be an expansionary fiscal policy (increasing economic growth)?
lowering income tax
raising the value of RM
printing money
lowering government expenditure (spending)
Which statement would be made by a business that is considered socially responsible?
"We pollute a little bit to make our product"
"Our products are made with recycled bottles and cans"
"We are able to help the community by employing children"
"The river is contaminated, but our product is free"
The following picture represents which externality?
Private Cost
External Cost
Social Benefit
Private Benefit
The following picture represents which externality?
Social Cost
Social Benefit
Private Cost
External Cost
What limits the amount of products imported
Tariff
Quota
Embargo
Trade ceiling
What is the name of a company that does business and has facilities in many countries?
World Business
Multinational Corporation
World Power
None of the above
The buying and selling of goods and services within your own country.
Commerce
Business
Sales
Domestic Trade