Question

61.

A country is most likely to eliminate the consumption of imports by a/an _______________.

A. protective tariff

B. import quota

C. Revenue tariff

D. export quota

60.The purpose of expansionary fiscal policy is to _______________.

	A.	prevent hyperinflation
	B	increase output
	C	increase the separation between government and private industry
	D	slow the growth of GDP

57.

All of the following are tools of supply-side economics EXCEPT _______________.

	A	cutting spending for government, social and regulatory programs
	B	deregulating key industries
	C	increasing government spending on social programs
	D	cutting personal and business taxes

53.

If the number of home building companies increases what will most likely happen?

A		the demand curve for homes will shift right
B		prices for homes will rise, but more homes will be sold
C		the supply curve for homes will shift right
D		the demand curve for homes will shift left

46.

The classical economic school of thought focuses on _______________.

	A	the self correcting momentum of the economy
	B	the lack of social costs of instability
	C	a strong government role in the economy
	D	the increase in foreign purchases effect

44.

A market economy adjusts to unexpected events by _______________.

	A	maintaining consumption and production levels
	B	consumer adjustments and wild-cat strikes
	C	adjusting demand and supply
	D	raising prices

42.

Sales taxes are imposed by _______________.

1. local governments
2. the national government
3. state governments

	A	I and III
	B	I only
	C	I and II
	D	I, II and III

37.

Generally speaking, economists tend to believe that consumers would benefit most from _______________.

	A	quotas
	B	protective tariffs
	C	free trade
	D	export subsidies

Answer 1

61)A country is most likely to eliminate the consumption of imports by a/an import quota.

60) the expansionary fiscal policy is used to increase output.

57 )Increasing government spending on social programs.

53)If number of home building company increase,the supply of homes will shift right.

46.

The classical economic school of thought focuses on _______________.

A

The self correcting momentum of the economy.

44)A market economy adjusts to unexpected events by adjusting demand and supply.

42)Sales tax are imposed by 1,2and3.

37) Economists believe that the consumers will benefit through free trade.

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