1
HERO MCQ TEST FINAL EXAM CURRENTLY TESTING
COMPLETE TESTED QUESTIONS WITH COMPLETE VERIFIED
ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED
A+
Which of the following is a macroeconomic issue?
a) The price of houses in Oxford
b) The wage rate for plumbers in London
c) Your decision to work or stay at home
d) The level of unemployment in the UK - (answers)d) The level of
unemployment in the UK
Feedback:
Macroeconomics examines issues that affect the whole economy such as UK
unemployment.
What is meant by an objective?
a) A policy
b) A way of reaching a target
, 2
c) A target
d) A strategy - (answers)c) A target
Which of the following is not part of fiscal policy?
a) Income tax
b) National insurance
c) VAT
d) Interest rates - (answers)d) Interest rates
Feedback:
Fiscal policy relates to policies involving government spending and taxation, not
interest rates.
Which does the government not control directly?
a) Spending on health
, 3
b) Spending on defence
c) Firms' investment decisions
d) Spending on state education - (answers)c) Firms' investment decisions
Feedback:
The government's policies will influence a firm's investment decision but will
not usually affect it directly.
Which of the following is not a macroeconomic issue?
a) Unemployment
b) Inflation
c) The wages paid to footballers
d) Economic growth - (answers)c) The wages paid to footballers
Feedback:
, 4
The wages paid to footballers are a microeconomic issue because they relate to
one market not the whole economy.
Which of the following can the government not use directly to control the
economy?
a) Pay rates within the private sector
b) Pay rates in the public sector
c) Investment in state education
d) Benefits available for the unemployed and sick - (answers)a) Pay rates within
the private sector
Feedback:
The government cannot directly control pay rates within the private sector.
Which of the following is likely to be a government objective?
a) Lower unemployment
b) Negative economic growth
HERO MCQ TEST FINAL EXAM CURRENTLY TESTING
COMPLETE TESTED QUESTIONS WITH COMPLETE VERIFIED
ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED
A+
Which of the following is a macroeconomic issue?
a) The price of houses in Oxford
b) The wage rate for plumbers in London
c) Your decision to work or stay at home
d) The level of unemployment in the UK - (answers)d) The level of
unemployment in the UK
Feedback:
Macroeconomics examines issues that affect the whole economy such as UK
unemployment.
What is meant by an objective?
a) A policy
b) A way of reaching a target
, 2
c) A target
d) A strategy - (answers)c) A target
Which of the following is not part of fiscal policy?
a) Income tax
b) National insurance
c) VAT
d) Interest rates - (answers)d) Interest rates
Feedback:
Fiscal policy relates to policies involving government spending and taxation, not
interest rates.
Which does the government not control directly?
a) Spending on health
, 3
b) Spending on defence
c) Firms' investment decisions
d) Spending on state education - (answers)c) Firms' investment decisions
Feedback:
The government's policies will influence a firm's investment decision but will
not usually affect it directly.
Which of the following is not a macroeconomic issue?
a) Unemployment
b) Inflation
c) The wages paid to footballers
d) Economic growth - (answers)c) The wages paid to footballers
Feedback:
, 4
The wages paid to footballers are a microeconomic issue because they relate to
one market not the whole economy.
Which of the following can the government not use directly to control the
economy?
a) Pay rates within the private sector
b) Pay rates in the public sector
c) Investment in state education
d) Benefits available for the unemployed and sick - (answers)a) Pay rates within
the private sector
Feedback:
The government cannot directly control pay rates within the private sector.
Which of the following is likely to be a government objective?
a) Lower unemployment
b) Negative economic growth
