All governments intervene through their ……………….. policies in a bid to achieve certain policy objectives

• economy

• microeconomic

• macroeconomic

• economical

Britain last year spent nearly $5000 million and more on ............ food than selling abroad.

• import

• imports

• importing

• imported

Monetary policy is one of the tools that a ………………… government uses to influence its economy

• nation

• national

• nationality

• native

Government policy about exports and imports is ........

• Commercial policy

• Monetary policy

• Fiscal policy

• Finance policy

.......... is an amount of probable income and expenditure during a stated period.

• Tax

• Asset

• Loan

• Budget

Macroeconomic stability means ………………., low inflation, high economic growth and so on.

• a. low unemployment

• b. low competition

• c. high production

• b & c

Spending on …………. (e.g. improvements to our motorway network) helps provide the capacity needed for other businesses to flourish

• transport system

• infrastructure

• accommodation

• industry

"It is not the employer …………. pays the wages. Employers only handle the money. It is the customer ………….. pays the wages."

• who

• that

• whom

• which

........... will lead to an increase in the demand for money

• An increase in the supply of money

• A decrease in the price level

• An increase in the level of aggregate output

• An increase in the interest rate

Revenue is calculated by ........... the price at which goods or services are sold by the number of units or amount sold

• multiple

• multiplying

• summing

• accounting