A) Aims to redistribute wealth among citizens
B) Emphasizes government interventions in market activities
C) Focuses on boosting long-term economic growth by increasing the supply of goods and services
D) Advocates for high levels of government spending

A) Tariffs
B) Unemployment benefits
C) Income taxes
D) Social security payments

A) It leads to increased demand for exports
B) It decreases the cost of exports and boosts competitiveness
C) It has no effect on export levels
D) It makes exports more expensive and can reduce competitiveness

A) To stabilize currency exchange rates
B) To promote consumer choices
C) To limit the quantity of a specific imported good
D) To encourage domestic production of imports

A) To impose trade restrictions for national security reasons
B) To eliminate tariffs and reduce trade barriers among participant countries
C) To regulate the prices of imported goods
D) To control the exchange rates between participating countries

A) To increase government intervention in market activities
B) To ensure fair competition and prevent anti-competitive practices in markets
C) To funnel government subsidies to favored industries
D) To control international trade agreements

A) To oversee environmental conservation efforts
B) To regulate international trade and resolve trade disputes
C) To enforce domestic tax policies
D) To promote regional economic integration

A) Interest rate adjustments.
B) Government spending.
C) Foreign exchange market interventions.
D) Income tax collection.

A) Antitrust laws
B) Import tariffs
C) Tax incentives for corporations
D) Trade embargoes

A) Reducing income tax on high earners
B) Taxation on assets to reduce wealth inequality
C) Tax incentives for foreign investors
D) Tax deductions for charitable donations

A) There is no relationship between inflation and unemployment.
B) A direct relationship – higher unemployment is associated with higher inflation.
C) An inverse relationship – lower unemployment is associated with higher inflation.
D) Both move in the same direction – higher unemployment leads to lower inflation.

A) Restricting bank lending activities
B) Lowering currency exchange rates
C) Raising interest rates to control inflation
D) Central bank's purchase of financial assets to increase money supply

A) Social security benefits.
B) Open market operations.
C) Minimum wage legislation.
D) Infrastructure spending.

A) Encouraging foreign direct investment
B) Supporting international trade organizations
C) Promoting free trade agreements
D) The use of trade barriers to protect domestic industries from foreign competition