Economic Policy — Quiz

Question 1

What is a primary economic goal of governments?

Revolt · Accepted Answer

reducing income inequality

Question 2

Rules ensuring that businesses offer safe products to consumers are part of a nation's

Revolt · Accepted Answer

regulatory policy.

Question 3

In a free enterprise system, governments address public problems through policy to ensure that

Revolt · Accepted Answer

citizens' needs are met and protected.

Question 4

A government's monetary policy is its plan to control

Revolt · Accepted Answer

the money supply.

Question 5

When an economy suffers from low production, a country cannot

Revolt · Accepted Answer

enjoy a steady rate of economic growth.

Question 6

Country Q has experienced a rapid increase in its unemployment rate and a sharp decline in its GDP. What might policymakers do in the face of these economic indicators?

Revolt · Accepted Answer

try to trade with other nations to increase production and create new jobs

Question 7

What are economic challenges that governments must face? Choose three correct answers.

Revolt · Accepted Answer

unemployment; low production; inflation

Question 8

Economic interdependence means that economic policies must balance the needs of

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governments, individuals, and businesses.

Question 9

Which statements describe a free enterprise system? Choose four correct answers.

Revolt · Accepted Answer

Supply and demand drives production.; Citizens can accumulate wealth.; Citizens can own property.; Consumers and producers make their own decisions.

Question 10

Which of these policies would a government take when it comes to employment?

Revolt · Accepted Answer

working toward making unemployment is as low as possible

Economic Policy — Quiz Answers

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