Understanding Economy and Administration

Understanding Economy and Administration

10th Grade

10 Qs

quiz-placeholder

Similar activities

Macroeconomics

Macroeconomics

9th - 10th Grade

10 Qs

Role of government

Role of government

10th - 12th Grade

13 Qs

EOC SKILLS: Things we DON'T Know (Econ)

EOC SKILLS: Things we DON'T Know (Econ)

9th - 12th Grade

10 Qs

Fiscal or Monetary

Fiscal or Monetary

7th Grade - University

10 Qs

Ilyas' presentation quiz

Ilyas' presentation quiz

KG - 12th Grade

7 Qs

Supply-side policy

Supply-side policy

10th Grade

7 Qs

Monetary and Fiscal Policy

Monetary and Fiscal Policy

9th - 12th Grade

10 Qs

Federal Reserve

Federal Reserve

9th - 12th Grade

15 Qs

Understanding Economy and Administration

Understanding Economy and Administration

Assessment

Quiz

Other

10th Grade

Hard

Created by

Manuel Vélez

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the four main types of economic systems?

traditional, digital, barter, planned

capitalist, socialist, barter, cooperative

traditional, command, market, mixed

feudal, mercantilist, barter, command

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How does monetary policy influence inflation?

Monetary policy has no effect on inflation.

Monetary policy influences inflation by adjusting interest rates and controlling the money supply.

Interest rates do not influence the money supply.

Inflation is solely determined by government spending.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of tariffs in international trade?

To increase the price of imported goods for consumers.

To eliminate competition from foreign markets.

The purpose of tariffs in international trade is to protect domestic industries and generate government revenue.

To promote international cooperation and trade agreements.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Define a mixed economy and provide an example.

A mixed economy is defined as one that only allows private businesses to operate without any regulations.

An example of a mixed economy is the United States, which has no government involvement in the economy.

An example of a mixed economy is Sweden, where both private businesses and government play significant roles in the economy.

A mixed economy is solely based on government ownership, like North Korea.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What role does the central bank play in monetary policy?

The central bank is responsible for regulating stock markets.

The central bank only manages government debt.

The central bank implements monetary policy to regulate the economy by controlling money supply and interest rates.

The central bank sets fiscal policy for the government.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How can trade deficits impact a country's economy?

Trade deficits have no effect on currency value.

Trade deficits can lead to increased foreign debt, currency depreciation, job losses, and reduced economic growth.

Trade deficits always lead to increased exports.

Trade deficits guarantee higher employment rates.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the difference between fiscal policy and monetary policy?

Fiscal policy is controlled by the central bank; monetary policy is determined by the government.

Fiscal policy is only about interest rates; monetary policy is about government spending.

Fiscal policy focuses on inflation; monetary policy focuses on unemployment.

Fiscal policy is government spending and taxation; monetary policy is central bank control of money supply and interest rates.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?