Economic Intervention and Market Regulation Quiz
Test your knowledge on fiscal policy, market regulation, monetary policy, and more with this comprehensive quiz.
#1
Which of the following is an example of fiscal policy intervention?
Increasing government spending
Encouraging competition among businesses
Lowering interest rates
Reducing trade barriers
#2
What is the primary objective of market regulation?
To eliminate competition
To maximize government control
To ensure fair competition and protect consumers
To promote monopolies
#3
In monetary policy, what is the central bank's tool to influence the economy?
Government spending
Taxation
Interest rates
Subsidies
#4
Which of the following is a consequence of price ceilings?
Surpluses
Shortages
Decrease in demand
Increase in supply
#5
Which economic theory suggests that government intervention in markets is often counterproductive?
Keynesian economics
Monetarist economics
Classical economics
Marxian economics
#6
What is an example of a regulatory body responsible for overseeing financial markets in the United States?
Federal Reserve System (Fed)
International Monetary Fund (IMF)
World Bank
Securities and Exchange Commission (SEC)
#7
What is the purpose of antitrust laws?
To promote monopolies
To encourage collusion among firms
To prevent unfair business practices and promote competition
To increase government intervention in markets
#8
Which of the following is an example of a trade barrier?
Export subsidies
Free trade agreements
Tariffs
Customs union
#9
What is the main purpose of deregulation?
To increase government intervention in markets
To promote monopolies
To reduce government control and encourage competition
To restrict consumer choice
#10
Which market intervention aims to limit the market power of dominant firms?
Price controls
Subsidies
Anti-trust regulations
Deregulation
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