Which of the following is not a goal of monetary policy?
Price stability
Full employment
Economic growth
Maximizing corporate profits
#2
What is the primary function of fiscal policy?
Control inflation
Stabilize exchange rates
Regulate business practices
Manage government spending and taxation
#3
What is the purpose of antitrust laws?
To promote competition and prevent monopolies
To increase government control over businesses
To limit consumer choices
To encourage collusion among firms
#4
Which of the following is a characteristic of a command economy?
Private ownership of resources
Centralized government planning
Free market forces determine production
Minimal government intervention
#5
Which economic indicator measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Producer Price Index (PPI)
Unemployment Rate
#6
Which regulatory body is responsible for overseeing the US stock market?
SEC
FDA
FCC
EPA
#7
What is the 'Laffer Curve' used to illustrate?
The relationship between tax rates and government revenue
The impact of inflation on consumer spending
The effect of interest rates on investment
The relationship between supply and demand
#8
What is a tariff?
A tax on imports or exports
A subsidy given to domestic producers
A limit on the quantity of goods that can be imported
A restriction on foreign investment
#9
Which of the following is not a component of Gross Domestic Product (GDP)?
Government spending
Net exports
Corporate profits
Personal consumption
#10
Which of the following is a tool used by central banks to control the money supply?
Fiscal policy
Open market operations
Trade policy
Monetary policy
#11
Which economic theory is associated with the idea of 'trickle-down economics'?
Keynesian economics
Monetarism
Supply-side economics
Austrian economics
#12
What does the term 'regulatory capture' refer to?
The influence of interest groups on government regulations
The enforcement of strict regulations on businesses
The process of deregulating industries
The phenomenon where regulatory agencies serve the interests of the industries they regulate
#13
Which of the following is NOT considered a type of unemployment?
Frictional unemployment
Structural unemployment
Cyclical unemployment
Demand-side unemployment
#14
Which of the following is an example of a regressive tax?
Progressive income tax
Value-added tax (VAT)
Corporate income tax
Property tax
#15
What is the primary goal of environmental regulations?
To maximize corporate profits
To minimize government intervention in business activities