#1
Which of the following is an example of expansionary fiscal policy?
Increasing government spending
Decreasing taxes
Reducing money supply
Raising interest rates
#2
What is the primary goal of monetary policy?
Maximizing government revenue
Minimizing unemployment
Stabilizing prices
Promoting economic growth
#3
Which of the following is an example of contractionary fiscal policy?
Increasing government spending
Decreasing taxes
Reducing money supply
Lowering interest rates
#4
What is the name of the policy aimed at regulating the flow of goods and services across borders?
Monetary policy
Fiscal policy
Trade policy
Income policy
#5
What is the primary tool used by governments to control inflation?
Expansionary fiscal policy
Contractionary fiscal policy
Expansionary monetary policy
Contractionary monetary policy
#6
Which of the following is a goal of trade policy?
Reducing government spending
Promoting international trade
Increasing income taxes
Stabilizing interest rates
#7
What is the name of the policy aimed at preventing monopolies and promoting fair competition?
Monetary policy
Fiscal policy
Antitrust policy
Trade policy
#8
Which of the following is a potential downside of a protectionist trade policy?
Increased domestic employment
Enhanced international cooperation
Higher consumer prices
Greater market competition
#9
Which of the following is a tool of fiscal policy?
Reserve requirements
Discount rate
Government spending
Open market operations
#10
What is the main goal of supply-side economics?
Stimulating aggregate demand
Reducing income inequality
Increasing government spending
Promoting economic growth
#11
What does the term 'austerity measures' refer to in economic policy?
Policies aimed at increasing government spending
Policies aimed at reducing government debt
Policies aimed at increasing inflation
Policies aimed at promoting economic growth
#12
Which of the following is a goal of industrial policy?
Promoting competition
Reducing employment
Fostering the growth of specific industries
Decreasing productivity
#13
What is the name of the policy tool used by central banks to control the money supply?
Open market operations
Fiscal stimulus
Quantitative easing
Tariffs
#14
Which of the following is a characteristic of expansionary monetary policy?
Increasing interest rates
Reducing money supply
Decreasing government spending
Lowering reserve requirements
#15
In the context of monetary policy, what is the purpose of quantitative easing?
Stimulating economic growth
Reducing inflation
Controlling exchange rates
Increasing interest rates
#16
What is the term for the maximum amount of goods or services that can be produced using a given set of resources?
Full employment
Gross domestic product
Production possibilities frontier
Aggregate demand
#17
Which of the following is a characteristic of a command economy?
Private ownership of resources
Market competition
Centralized government planning
Free market forces