.17..objective.

Question 1 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 Question 2 What is meant by an objective? a) A policy b) A way of reaching a target c) A target d) A strategy Question 3 Which of the following is not involved with fiscal policy? a) Income tax b) National insurance c) VAT d) Interest rates Question 4 Which does the government not control directly? a) Spending on health b) Spending on defence c) Firms' investment decisions d) Spending on education Question 5 Which of the following is not a macroeconomic issue? a) Unemployment b) Inflation c) The wages paid to footballers d) Economic growth Question 6 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 education d) Benefits available for the unemployed and sick Question 7 Which of the following is a policy instrument as opposed to a government objective? a) Lower interest rates b) A bettertrade position c) Faster economic growth d) Lower unemployment Question 8 Which of the following is a possible government objective as opposed to a policy? a) Lower interest rates b) Lower taxation rates c) Lower government spending d) Lower inflation Question 9 Which of the following is not likely to be a government objective? a) Increasing employment b) Increasing economic growth c) Increasing government spending d) Increasing the level of exports Question 10 "Reducing inflation is a more important objective than economic growth" is an example of: a) Normative economics b) Positive economics c) Objective economics d) Reality economics