Quiz on Government's Role in Market Economy

Quiz on Government's Role in Market Economy

11th Grade

15 Qs

quiz-placeholder

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Quiz on Government's Role in Market Economy

Quiz on Government's Role in Market Economy

Assessment

Quiz

Business

11th Grade

Medium

Created by

Heather High-Kennedy

Used 2+ times

FREE Resource

15 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The involvement of government in a market economy presents _____ for small business owners.

2.

DRAG AND DROP QUESTION

30 sec • 1 pt

(a)   defines how the market works in a market economy.

Supply and demand
It is controlled by the government
It is irrelevant
It is a minor factor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the government’s emergency assistance during the pandemic?

To increase taxes

To help entrepreneurs facing bankruptcy

To build new infrastructure

To provide free healthcare

4.

DRAG AND DROP QUESTION

30 sec • 1 pt

The purpose of the Economic Stimulus Act mentioned in the text was to (a)   .

To reduce taxes permanently
To boost the economy by encouraging
To increase government savings
To decrease inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the central bank of the United States?

World Bank

International Monetary Fund

Federal Reserve

European Central Bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of government bonds during economic conditions?

To increase inflation

To influence economic conditions

To reduce employment

To eliminate taxes

7.

MATCH QUESTION

30 sec • 1 pt

Match the following economic actions with their intended outcomes.

Implementing austerity measures

Higher taxes

Increasing tax rates

More consumer spending

Raising interest rates

Increased savings

Cutting interest rates

Reduced spending

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