Are the following statements true or false?1 Frictional unemployment w

The following, with one exception, are 'protectionist measures' in international trade. Which is the exception?

A

Import quotas

B

Subsidies for exporters

C

Customs procedures

D

Tariffs

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?

A

A stimulus to exports in Country Y

B

An increase in the costs of imports from Country X

C

Reducing demand for imports from Country X

D

A reduction in the rate of cost push inflation

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 expenditure

B

Lowering interest rates

C

Increasing taxation

____ 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?

A

Progressive

B

Direct

C

Indirect

Which of the following is associated with a negative Public Sector Net Cash Requirement?

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.