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起止时间:2020-03-06到2020-07-28
更新状态:已完结
Ch3 The macro-economic environment 小测验Ch3
1、 Which of the following is NOT an element of fiscal policy?
A:Government spending
B:Government borrowing
C: Taxation
D:Exchange rates
答案: Exchange rates
2、 Which of the following is associated with a negative Public Sector Net Cash Requirement?
A:The government is running a budget deficit.
B:The government’s expenditure exceeds its income.
C:The government is running a budget surplus.
D:Public Sector Debt Repayment (PSDR) is high.
答案: The government is running a budget surplus.
3、 ……………………………………… taxes are collected by the Revenue authority from a business, which attempts to pass on the tax to consumers in the price of goods.Which word correctly completes this statement?Picklist:
A:Progressive
B:Direct
C:Indirect
D:Direct
答案: Indirect
4、 If a government has a macro-economic policy objective of expanding the overall level of economic activity, which of the following measures would NOT be consistent with such an objective?A Increasing public expenditureB Lowering interest ratesC Increasing taxation
A:Increasing public expenditure
B:Lowering interest rates
C:Increasing taxation
D:Lowering interest rates
答案: Increasing taxation
5、 The currency in country X is the Krone while country Y uses the Euro. Country Y has recently experienced an increase in its exchange rate with Country X. Which of the following effects is likely to result in Country Y?
A:A stimulus to exports in Country Y
B:An increase in the costs of imports from Country X
C:Reducing demand for imports from Country X
D:A reduction in the rate of cost push inflation
答案: A reduction in the rate of cost push inflation
6、 The following, WITH ONE EXCEPTION, are ‘protectionist measures’ in international trade. Which is the exception?
A:Import quotas
B:Subsidies for exporters
C:Customs procedures
D:Tariffs
答案: Subsidies for exporters
7、 Monetary policy is a government economic policy relating to:1 Interest rates2 Taxation3 Public borrowing and spending4 Exchange ratesWhich of the above are correct?
A:1 and 4
B:2 and 3
C:2 and 4
D:3 and 4
答案: 1 and 4
8、 Which of the following organisations might benefit from a period of high price inflation?
A:An organisation which has a large number of long-term payables
B:An exporter of goods to a country with relatively low inflation
C:A large retailer with a high level of inventory on display and low rate of inventory turnover
D:A large retailer with a high level of inventory on display and low rate of inventory turnover
答案: An organisation which has a large number of long-term payables
9、 Which of the following are the goals of macroeconomic policy?1 Encouraging economic growth2 Low unemployment3 Achievement of a balance between exports and imports4 Achieving zero inflation
A:1 and 2
B:2 and 3
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