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Governmental Systems and Economic Policies Quiz

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In a parliamentary system of government, who typically appoints the head of government?

The Prime Minister

Explanation

The head of government in a parliamentary system is typically appointed by the Prime Minister.

What is a characteristic of a federal system of government?

Power is divided between central and regional governments

Explanation

Federalism involves the division of power between central and regional governments.

Which of the following is a characteristic of a unitary system of government?

All power resides with the central government

Explanation

Unitary systems concentrate power in the central government.

In a presidential system of government, who is typically the head of state and head of government?

The President

Explanation

In a presidential system, the President serves as both the head of state and head of government.

Which of the following is a characteristic of a command economy?

Centralized government control of economic activities

Explanation

Command economies involve centralized government control over economic activities.

Which of the following is a characteristic of a socialist economic system?

Centralized government control of the economy

Explanation

Socialism involves centralizing economic control in the hands of the government.

Which economic policy advocates for minimal government intervention in the economy?

Laissez-faire capitalism

Explanation

Laissez-faire capitalism promotes minimal government interference in economic activities.

Which economic policy aims to reduce income inequality through taxation and welfare programs?

Fiscal policy

Explanation

Fiscal policy uses taxation and welfare programs to address income inequality.

What is the main goal of expansionary monetary policy during a recession?

To stimulate economic activity by increasing the money supply

Explanation

Expansionary monetary policy boosts economic activity by increasing the money supply during a recession.

#10

In a mixed economy, who primarily determines resource allocation?

Private individuals and businesses

Explanation

In a mixed economy, resource allocation is primarily determined by private individuals and businesses.

#11

Which economic policy tool involves changing interest rates and money supply to control inflation and stimulate growth?

Monetary policy

Explanation

Monetary policy uses interest rates and money supply to influence economic conditions.

#12

Which economic policy emphasizes reducing government spending and regulation to promote economic growth?

Supply-side economics

Explanation

Supply-side economics focuses on reducing government intervention to stimulate economic growth.

#13

What is the main objective of contractionary fiscal policy?

To reduce inflation and cool down an overheated economy

Explanation

Contractionary fiscal policy aims to reduce inflation and cool down an overheated economy.

#14

What is the main objective of supply-side economics?

To promote economic growth by reducing barriers to production and investment

Explanation

Supply-side economics aims to promote 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?

Keynesian economics

Explanation

Keynesian economics advocates for using government spending and tax policies to stabilize the economy.

Governmental Systems and Economic Policies Quiz

In a parliamentary system of government, who typically appoints the head of government?

What is a characteristic of a federal system of government?

Which of the following is a characteristic of a unitary system of government?

In a presidential system of government, who is typically the head of state and head of government?

Which of the following is a characteristic of a command economy?

Which of the following is a characteristic of a socialist economic system?

Which economic policy advocates for minimal government intervention in the economy?

Which economic policy aims to reduce income inequality through taxation and welfare programs?

What is the main goal of expansionary monetary policy during a recession?

In a mixed economy, who primarily determines resource allocation?

Which economic policy tool involves changing interest rates and money supply to control inflation and stimulate growth?

Which economic policy emphasizes reducing government spending and regulation to promote economic growth?

What is the main objective of contractionary fiscal policy?

What is the main objective of supply-side economics?

Which economic theory advocates for the use of government spending and tax policies to stabilize the economy?

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