Quiz 11 (O Level Unit 5)

Among the following, what is not an aim of government policies?

 
 
 
 

Why is ‘economic growth’ an important aim of government policies?

 
 
 
 

Increasing public spending and/or cutting taxes to boost aggregate demand, output and employment is known as ___________________.

 
 
 
 

_______________________ involves in reducing public spending and/or raising taxes.

 
 
 
 

Raising taxes on income and profits reduces work incentives, employment and economic growth.

 
 

Among the following, what will the government do if it wants to use expansionary monetary policy?

 
 
 
 

____________________ means selling of state owned businesses to private individuals and groups.

 
 
 
 

If the aggregate supply cannot match with the rise in aggregate demand, then there will be _________________.

 
 
 
 

___________________ is money paid to the Government by individuals and businesses.

 
 
 
 

Among the following, what is a direct tax?

 
 
 
 

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Quiz 9

Quiz 9

This Quiz is from O Level Unit 3. You must read the tutorials before attempting the quiz.