0 level Econ Test

Below is not the example of public services

• Postal Services

• Drinking water services

• Immigration services

• Police

Regulation that protect interest and safety of worker is called

• Employment regulation

• Employment legislation

• Worker Rule

• Worker Regulation

The boundaries that set private producer to operate is called ?

The example of direct taxes is:

• Tariff

• Tobaccos tax

• VAT

• Windfall tax

Multiple answers question. Which one is the government aim for policies ?

• Control Inflation

• High employment rate

• Balance of payment stability

• Sustainable economic growth

Records of financial transaction between country is called:

• Balance of payment

• Nation bookeeping

• Spending Journal

• Export - Import transaction book

There is a possibility conflict of interest between high employment rate with rate of Inflation

• TRUE

• FALSE

If the government spend more than its revenue, this situation is called

• Trade deficit

• Trade Surplus

• Budget Deficit

• Budget Surplus

Below is the example of tax revenue, except

• Inheritance tax

• Income tax

• Tax retribution

• Corporation tax

Economic recession could be taken care by what government action ?

• Raising tax

• Contractionary fiscal policy

• Decrease spending

• Expansionary Fiscal policy