Which of the following refers to the government’s revenue, debt and spending?

• Legal Reserves

• Fiscal

• Government Reserve System

• None of the above

In a Laissez-Faire economy, government involvement is

• encouraged

• necessary

• limited

• nonexistent

Adam Smith is regarded as the father of … 

• Marxism

• modern economies

• mixed market economies

• the socialist movement

When a country produces just a few major products, it may suffer from the problem of

• interdependence

• independence

• over-specialization

• trade diversion

What term is used for a government plan to reduce aggregate demand and slow the economy?

• contractionary fiscal policy

• discretionary fiscal policy

• expansionary fiscal policy

• stabilizing fiscal policy

What are 2 basic tools that the federal government uses to influence the economy?

• entitlements and spending

• entitlements and wages

• taxation and spending

• taxation and wages

Which one of the following is the usual measure of the total value of goods and services produced within the UK?

• GDP

• CPI

• GNP

• RPN

Interest rates are set by the Monetary Policy Committee of which ONE of the following organizations?

• The Office of Fair Trading

• The Treasury

• The Department of Trade and Industry

• The Bank of England

 It is debt instrument issued by the National Government with a maturity of less than one year

• Treasury Note

• Treasury Bill

• Treasury Receivables

• Treasury Bond

 The holders of which instrument are members of the company and have voting rights?

• Treasury Bill

• Commercial Paper

• Debenture

• Equity