Government’s use of coordinated policies to achieve national economic objectives is ?

Related Mcqs:

1. Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

   A. None of these answers
   B. Disagree because they have different scientific judgments
   C. really don’t disagree at all. It just appears that they disagree
   D. disagree because they have different values

2. A comparison of Japan’s policies before 1945 with the policies in effect after 1945 indicates that______________?

   A. reduction in spending on military goods leads to economic depression
   B. dependence on foreign trade usually leads to a weakened national economy
   C. territorial aggression is not necessary to secure national economic goals
   D. democratic institution hinder economic growth

3. Government policies that focus on changing taxes and government spending are called ?

   A. fiscal policies
   B. incomes policies
   C. supply-side policies
   D. monetary policies

4. An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?

   A. debt rescheduling agreement
   B. debt service agreement
   C. program for growth
   D. stabilization program

5. During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??

   A. an expansion of China’s colonial empire
   B. an increase in trade with the West
   C. a return to a strict command economy
   D. the success of the commune system

6. The best way to achieve economic growth is to ?

   A. increase government spending
   B. reduce taxation
   C. save more
   D. increase personal consumption

7. Buy national policies ?

   A. result in government purchase policies favoring domestic over foreign producers
   B. result in government purchase policies favoring foreign over domestic producers
   C. attempt to restrict the number of tourists leaving a nation
   D. are intended to publicize the advantage of the most efficient domestic companies

8. Many U.S firms have sought relief from foreign competition by demanding protectionism policies by the U.S government. A better way for companies to compete is to expand into foreign markets and ?

   A. lower prices
   B. increase promotion both at home and abroad
   C. continuously improve their products at home
   D. join into cartels at home

9. Government policies that focus on increasing production rather than demand are called ?

   A. fiscal policies
   B. monetary policies
   C. supply-side policies
   incomes policies

10. Government policies that focus on changing interest rates are called ?

    A. fiscal policies
    B. monetary policies
    C. supply-side policies
    D. incomes policies