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Question 1 Mark this question Which of the following make up a country's balance of payments? Supply andtrade surplus Trade deficit anddemand Current account and
Question 1
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Which of the following make up a country's balance of payments?
- Supply andtrade surplus
- Trade deficit anddemand
- Current account and trade deficit
- Capital account andcurrent account
Question 2
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Which statement below is NOTtrue regarding government intervention in the economy?
- Progressive income tax is a form of automatic stabilizer.
- Unemployment insurance is an automatic economic stabilizer.
- If the economy is doing badly, the government should cut spending to improve it.
- Most suggest that government should promote macroeconomic stability.
Question 3
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If a new car cost $1,250in 1950 and is $30,000 in 2013, prices haveincreased by a factor of which of the following?
- 20
- 12
- 24
- 48
Question 4
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Select the statement that corresponds to a shift in the supply curve.
- Occurs when the price for a certain good changes and influences the quantity supplied
- The amount of goods and services that may be purchased at a certain moment in time at a specific income level
- The amount of goods and services that are available at different prices at a certain moment in time
- A movement that occurs due to factors such as firms having more or less access to resources
Question 5
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Government can change markets through all of the following except__________.
- awarding large business contracts
- enacting regulations
- changing the tax rate
- awarding subsidies
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