Ch3Themacro-economicenvironment

小测验Ch3

1、单选题:
‏Which of the following is NOT an element of fiscal  policy? ‎
选项:
A: Government spending
B: Government borrowing
C:  Taxation
D: Exchange rates
答案: 【 Exchange rates

2、单选题:
​Which of the following is associated with a  negative  Public Sector Net Cash  Requirement? ‎​‎
选项:
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、单选题:
‌............................................. 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: ‌‌‌‌‌
选项:
A: Progressive 
B: Direct
C: Indirect
D: Direct
答案: 【 Indirect

4、单选题:
‌ 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
选项:
A: Increasing public expenditure
B: Lowering interest rates
C: Increasing taxation
D: Lowering interest rates
答案: 【 Increasing taxation

5、单选题:
‍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?‌‍‌‍‌
选项:
A: A stimulus to exports in Country Y

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