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

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

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

A) To limit the quantity of a specific imported good
B) To encourage domestic production of imports
C) To promote consumer choices
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 regulate the prices of imported goods
D) To impose trade restrictions for national security reasons

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

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

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

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

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

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

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

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

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