Management of the economy is performed through system of formulation and implementation of.........in the countryQuestion 3Answera.development policyb.capital policyc.fiscal policyd.planning policy
Question
Management of the economy is performed through system of formulation and implementation of.........in the countryQuestion 3Answera.development policyb.capital policyc.fiscal policyd.planning policy
Solution
The management of the economy is performed through the system of formulation and implementation of fiscal policy in the country.
Here's why:
a. Development policy: While this is important, it is more focused on the social and economic development of a country rather than the management of the economy as a whole.
b. Capital policy: This is more related to the financial and investment sector of the economy, not the overall management.
c. Fiscal policy: This is the correct answer. Fiscal policy involves the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. It is the primary method by which the government manages the economy.
d. Planning policy: This is more related to urban planning and development, not the overall management of the economy.
Similar Questions
Fiscal policy helps the government manage the economy by:A.setting the level of unemployment for the year.B.spending tax money during difficult economic times.C.setting environmental regulations for businesses.D.deciding on the proper money supply in the country.
hich of the following describes the goal of Monetary Policy?a.Controlling taxesb.Controlling the national debtc.Controlling the money supplyd.Stopping inflation
Fiscal policy is NOT often used as a stabilisation tool. However, it does have important roles in the economy. Three of these roles are:
Fiscal policy is concerned with:Question 2Answera.credit and spendingb.banking and insurancec.credit and bankingd.investments and insurancee.taxation and spending
The Federal Ministry of Finance has the following objectives, except oneQuestion 4Answera.The development of initiatives for the formulation of policies on fiscal and monetary mattersb.The harnessing and mobilisation of internal and external financial resources foe developmentc.The supervision of the insurance indutryd.Supervision/regulation of Information communication and technology firms
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