Give 3 roles of the government in the economy

Control the balance of payments

Reduce the gap between the rich and the poor

What are 'Boom and Recession'? (2 answers)

Reasons why the government influenmce business

Pattern of growth in the economy

Keywords used in military services

Using changes in interest rates and the money supply to manage the economy

Using changes in taxation and government expenditure to mange the economy

The amount of money spent by government

Government pouring whole money on businesses

Test

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1How does government influence business activity?
1. ATerror
2. BAssassination
3. CLegislation
4. DFrank Lee
2Give 3 roles of the government in the economy
1. APromote economic growth
2. BMaintain price stability
3. CReduce unemployment
4. DControl the balance of payments
5. EReduce the gap between the rich and the poor
3What are 'Boom and Recession'? (2 answers)
1. AReasons why the government influenmce business
2. BKeywords used in military services
3. CBarton's favorite words
4. DPattern of growth in the economy
4Who does the government protect from monopoly of businesses (2 answers)
1. ABin Laden
2. BEmployers
3. CMonkeys
4. DKimchi warrior
5Which following explanation best describes monetary policy?
1. AUsing changes in taxation and government expenditure to mange the economy
2. BUsing changes in interest rates and the money supply to manage the economy
6What's government expenditure? (2answers)
1. AProviding a range of services
2. BThe amount of money spent by government
3. CGovernment pouring whole money on businesses
4. DGwha hak! Gwha hak! Gwha hak!