Practice Evaluating Economic Policies (3) - Key Skills for MYP Economics

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9 questions

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2 cards from this section. Quick, good the night before a test.
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6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define what a tariff is.
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Think about the trade between countries.
Question 2.
What is one advantage of fiscal stimulus?
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Consider economic growth.
3Question 3.
What is a tariff?
- A tax on exports
- A tax on imports
- A fee for services
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Think about what happens when goods come into a country.
4Question 4.
True or False: Fiscal stimulus can lead to higher unemployment.
- True
- False
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Consider the goal of fiscal stimulus.
Question 5.
Evaluate the effectiveness of tariffs in supporting local industries while considering global trade relationships.
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Think about the balance between local benefits and global consequences.
Question 6.
Propose a balanced fiscal policy strategy that includes both stimulus and cuts, and discuss its potential impacts.
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Consider how to maintain stability across economic cycles.

5 more questions in this section. Enroll free to practise them all.