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Relationships between government and the firm

Total questions: 8

Worksheet time: 4mins

Name
Class
Date
1.

Which of the following is the function of the state in a market economy?

a)

determination of the volume of production

b)

setting prices

c)

tax collection

d)

the legally established place of production and the sale of goods

2.

Consolidated plan for the collection of state revenues and expenditures:

a)

excise

b)

Budget

c)

Scarcity

d)

International debt

3.

State budget revenues include

a)

payment of scholarships

b)

payment of interest on public debts

c)

sale of state property to private hands

d)

purchase of weapons for the army

4.

Which of the following relates to measures of monetary regulation of the economy?

a)

change in the rate of bank reserves

b)

registration of a license for private services

c)

regulation of taxation

d)

purchase of foreign currency by individuals

5.

The fiscal policy of the modern state is aimed at

a)

reduction of private enterprises

b)

growth in the number of investment funds

c)

regulation of government expenditures and revenues

d)

an increase in the money supply

6.

The state of S. develops laws on the basis of which it is possible to punish firms caught in monopolization; organizations operate that monitor developments in the markets and identify cases of their monopolization. What economic problem, being solved in the state of S., is illustrated by this example?

a)

taking into account the side effects of non-market situations

b)

protection of the foundations of a market economy

c)

production of public goods and services

d)

development of programs to help those in need

7.

In the country of Malaysia there are budget deficits and public debt, which governments are trying to eliminate. What additional information will allow us to conclude that the government of the country of Malaysia is trying to accomplish this task by financially improving the economy?

a)

increase in the number of administrative staff

b)

increase in inflation

c)

an increase in defense spending

d)

liquidation of unprofitability and subsidies

8.

The state performs a number of functions in the economic life of society.

What is the function of income redistribution manifested in?

a)

issue of government securities

b)

financing of health care institutions

c)

establishment of banking rules

d)

tax collection