#1
In a parliamentary system of government, who typically appoints the head of government?
The President
The Prime Minister
The Supreme Court
The Senate
#2
What is a characteristic of a federal system of government?
A strong central government with weak regional governments
Power is concentrated in the hands of local governments
All power resides with the central government
Power is divided between central and regional governments
#3
Which of the following is a characteristic of a unitary system of government?
Power is divided between a central government and regional governments
Regional governments have more power than the central government
All power resides with the central government
Each region has its own independent government
#4
In a presidential system of government, who is typically the head of state and head of government?
The President
The Prime Minister
The Monarch
The Chancellor
#5
Which of the following is a characteristic of a command economy?
Private ownership of the means of production
Decentralized decision-making
Centralized government control of economic activities
Lack of government intervention in markets
#6
Which of the following is a characteristic of a socialist economic system?
Private ownership of the means of production
Centralized government control of the economy
Laissez-faire approach to markets
Free market competition
#7
Which economic policy advocates for minimal government intervention in the economy?
Monetary policy
Fiscal policy
Keynesian economics
Laissez-faire capitalism
#8
Which economic policy aims to reduce income inequality through taxation and welfare programs?
Supply-side economics
Monetarism
Fiscal policy
Trickle-down economics
#9
What is the main goal of expansionary monetary policy during a recession?
To decrease the money supply
To decrease government spending
To increase interest rates
To stimulate economic activity by increasing the money supply
#10
In a mixed economy, who primarily determines resource allocation?
Government authorities
Private individuals and businesses
International organizations
Non-profit organizations
#11
Which economic policy tool involves changing interest rates and money supply to control inflation and stimulate growth?
Trade policy
Monetary policy
Industrial policy
Supply-side policy
#12
Which economic policy emphasizes reducing government spending and regulation to promote economic growth?
Monetary policy
Fiscal policy
Supply-side economics
Keynesian economics
#13
What is the main objective of contractionary fiscal policy?
To decrease government spending
To increase taxes
To reduce inflation and cool down an overheated economy
To stimulate economic growth during a recession
#14
What is the main objective of supply-side economics?
To control inflation
To stabilize financial markets
To increase government spending
To promote economic growth by reducing barriers to production and investment
#15
Which economic theory advocates for the use of government spending and tax policies to stabilize the economy?
Laissez-faire capitalism
Monetarism
Supply-side economics
Keynesian economics