Free Market Policies Quiz

Free Market Policies Quiz

11th Grade

21 Qs

quiz-placeholder

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Free Market Policies Quiz

Free Market Policies Quiz

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Easy

Created by

Angelina Anggun

Used 2+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary objective of free market policies?

To increase government intervention

To reduce market competition

To promote economic efficiency

To raise tax revenues

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of deregulation in product markets?

Introducing minimum wages

Removing restrictions on new market entrants

Increasing government subsidies for firms

Imposing tariffs on imported goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which policy is most likely to improve labour market flexibility?

Introducing industry-level agreements

Reducing trade union power

Increasing corporate tax rates

Imposing strict employment laws

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Privatization involves:

Government taking over private firms

Selling state-owned enterprises to the private sector

Increasing government spending on public goods

Nationalizing key industries

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following policies would reduce the cost of bureaucracy for firms?

Lowering corporate tax rates

Simplifying regulations

Increasing welfare payments

Strengthening competition policies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main aim of competition policy?

To prevent monopolies from forming

To encourage the growth of large firms

To promote trade union activity

To increase government intervention in the market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Deregulation in the labour market refers to:

Strengthening minimum wage laws

Increasing the power of trade unions

Reducing legal constraints on hiring & firing

Expanding public sector employment

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