Government Intervention

Government Intervention

12th Grade

30 Qs

quiz-placeholder

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Government Intervention

Government Intervention

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Julia Peters

Used 2+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the primary purpose of a specific tax in economics?

To reduce pollution
To raise government revenue
To benefit producers
To improve market efficiency

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a likely consequence of imposing a subsidy?

Higher consumer prices

Higher market prices

Higher market output

Improves distortion of market allocation

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main goal of a minimum price policy?

To prevent prices falling too low
To prevent prices rising too high
To encourage investment
To reduce income inequality

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How does a maximum price affect the market if set below equilibrium?

It creates a surplus
It creates a shortage
It has no effect
It improves efficiency

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What happens to consumer surplus when a specific tax is introduced?

It increases
It decreases
It remains constant
It is unaffected

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of these is an example of a subsidy?

Government grants to firms
Taxes on goods
Subsidies on imports
Public healthcare funding

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a common result of a minimum price on agricultural goods?

Excess demand
Excess supply
Stable equilibrium
Improves efficiency

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