Coronavirus how to tackle the economic crisis

Coronavirus how to tackle the economic crisis

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main types of policies used by policymakers to address the economic impact of COVID-19?

Monetary and Fiscal Policies

Environmental and Social Policies

Healthcare and Education Policies

Trade and Industrial Policies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which action is NOT one of the three types of measures taken by central banks to reduce economic consequences?

Buying assets like government bonds

Intervening in markets

Increasing taxes

Reducing interest rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of central banks reducing interest rates during the COVID-19 crisis?

To decrease government spending

To make borrowing easier for individuals and businesses

To raise the value of the currency

To increase inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main intention behind governments subsidizing wages during the COVID-19 pandemic?

To promote international trade

To increase consumer spending

To reduce government debt

To prevent job and company losses during the crisis

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does quantitative easing help governments during the economic crisis?

By decreasing the money supply

By raising taxes

By reducing borrowing costs for governments

By increasing interest rates