Economic Policies Review

The excerpt above reflects the dissatisfaction of American colonists with the —

• political debates that took place at the Albany Convention

• interference of Great Britain in the slave trade

• economic consequences of the Great Awakening

• economic policies imposed by Great Britain following the French and Indian War

An economic system where colonies trade only with Great Britain.

• Enlightenment

• Great Awakening

• Intolerable Acts

• Mercantilism

Which economic policy involves government intervention to stabilize the economy through fiscal and monetary measures?

• Laissez-faire

• Keynesian Economics

• Supply-side Economics

• Classical Economics

What is the primary goal of monetary policy in an economy?

• Increase government spending

• Control inflation

• Reduce unemployment

• Increase exports

Which economic theory emphasizes the role of government spending in boosting economic growth during a recession?

• Monetarism

• Keynesian Economics

• Classical Economics

• Supply-side Economics

What is the term for a tax imposed on imported goods to protect domestic industries?

• Subsidy

• Tariff

• Quota

• Embargo

Which policy involves reducing taxes and decreasing regulation to encourage economic growth?

• Keynesian Economics

• Supply-side Economics

• Monetarism

• Protectionism

What is the economic policy that focuses on controlling the money supply to manage inflation and interest rates?

• Fiscal Policy

• Monetary Policy

• Trade Policy

• Industrial Policy

Which economic policy tool is used by governments to influence the economy by adjusting spending levels and tax rates?

• Monetary Policy

• Fiscal Policy

• Trade Policy

• Supply-side Policy

What is the term for a situation where government revenue exceeds its expenditures?

• Budget Deficit

• Budget Surplus

• Trade Deficit

• Trade Surplus