Macroeconomics

Macroeconomics

9th - 10th Grade

10 Qs

quiz-placeholder

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Macroeconomics

Macroeconomics

Assessment

Quiz

Other

9th - 10th Grade

Practice Problem

Hard

Created by

Krupa [USG]

Used 83+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The production of which type of product has to be financed by taxation ?

those that are unprofitable

those that are both non rival and non excludable

those that have higher social costs than private costs

those that are luxury items

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is macroeconomic policy objective?

to increase employment

to increase the output of the car industry

to reduce the price level

to reduce economic growth

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which change is most likely to reduce total demand ?

an increase in investment

an increase in savings

a reduction in government tax revenue

a reduction in imports

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How may fiscal policy increase total (aggregate) demand?

by cutting the rate of interest

by cutting the rate of taxation

by increasing the budget surplus

by increasing the money supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which policy measure is an example of monetary policy designed to reduce total (aggregate) demand?

a limit placed on bank lending

a reduction in interest rates

a rise in income tax

a switch in government spending from consumer to capital goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which policy measure would be classified as a fiscal policy instrument?

a cut in the interest rate of interest

an increase in the money supply

the imposition of a quota

a rise in government spending on defence

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by incidence of taxation ?

how the tax burden is shared between consumers and producers

the extent to which tax is evaded

what proportion of the country's products are taxed

who receives the tax revenue raised

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