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

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

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

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

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

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

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

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

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

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

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

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

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

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