The Term "Fine-Tuning the Economy" Implies

question 16

Multiple Choice

The term "fine-tuning the economy" implies:

• A)making government economic policy more "people oriented".
• B)using government policies to adjust the economy and promote economic stability.
• C)solving microeconomic problems such as externalities and losing sight of the big picture.
• D)placing fewer regulations on the private sector,thereby eliminating the need for government intervention.
• E)designing policies based exclusively on leading economic indicators.

---

Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade.

Restrictions

Rules or limitations placed on activities, movements, or trade to control or regulate actions.

World Price

The international market price at which goods are traded between countries; it plays a crucial role in determining local prices and trade policies.

Exported

Goods or services sent from one country to another for sale or trade.