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Economic Security in the Face of Global Challenges

Description: Economic Security in the Face of Global Challenges
Number of Questions: 15
Created by:
Tags: economic security global challenges economic resilience economic policy
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What is the primary objective of economic security?

  1. To ensure a stable and prosperous economy

  2. To protect national security

  3. To promote social welfare

  4. To reduce income inequality


Correct Option: A
Explanation:

Economic security aims to create a stable and prosperous economy that can withstand external shocks and provide opportunities for economic growth and development.

Which of the following is NOT a global challenge that threatens economic security?

  1. Climate change

  2. Political instability

  3. Technological advancements

  4. Economic inequality


Correct Option: C
Explanation:

Technological advancements are generally seen as a positive force that can drive economic growth and innovation. They are not typically considered a threat to economic security.

How does economic security contribute to national security?

  1. By reducing the risk of conflict and instability

  2. By increasing the capacity to respond to emergencies

  3. By strengthening the military

  4. By promoting economic growth


Correct Option: A
Explanation:

Economic security helps to reduce the risk of conflict and instability by providing opportunities for economic growth and development, which can lead to social stability and political stability.

What is the role of economic policy in promoting economic security?

  1. To regulate the economy and prevent market failures

  2. To provide social safety nets

  3. To promote international trade and investment

  4. All of the above


Correct Option: D
Explanation:

Economic policy plays a crucial role in promoting economic security by regulating the economy, providing social safety nets, and promoting international trade and investment.

Which of the following is an example of a social safety net program?

  1. Unemployment insurance

  2. Social security

  3. Medicare

  4. All of the above


Correct Option: D
Explanation:

Unemployment insurance, social security, and Medicare are all examples of social safety net programs that provide financial assistance to individuals and families in need.

How does international trade and investment contribute to economic security?

  1. By increasing economic growth and job creation

  2. By diversifying the economy and reducing reliance on a single industry

  3. By promoting economic cooperation and stability

  4. All of the above


Correct Option: D
Explanation:

International trade and investment can contribute to economic security by increasing economic growth and job creation, diversifying the economy, and promoting economic cooperation and stability.

What are some of the challenges to achieving economic security in the face of global challenges?

  1. Climate change

  2. Political instability

  3. Technological change

  4. All of the above


Correct Option: D
Explanation:

Climate change, political instability, and technological change are all challenges that can threaten economic security by disrupting economic activity, causing social unrest, and leading to economic decline.

How can countries build resilience to global challenges and protect their economic security?

  1. By investing in infrastructure and technology

  2. By promoting education and skills development

  3. By diversifying the economy

  4. All of the above


Correct Option: D
Explanation:

Countries can build resilience to global challenges and protect their economic security by investing in infrastructure and technology, promoting education and skills development, and diversifying the economy.

What is the role of international cooperation in promoting economic security?

  1. To facilitate trade and investment

  2. To address global challenges collectively

  3. To promote peace and stability

  4. All of the above


Correct Option: D
Explanation:

International cooperation can promote economic security by facilitating trade and investment, addressing global challenges collectively, and promoting peace and stability.

How can individuals and businesses contribute to economic security?

  1. By saving and investing

  2. By paying taxes

  3. By supporting local businesses

  4. All of the above


Correct Option: D
Explanation:

Individuals and businesses can contribute to economic security by saving and investing, paying taxes, and supporting local businesses.

What are some of the indicators that a country is economically secure?

  1. Low unemployment rate

  2. Stable inflation rate

  3. High levels of investment

  4. All of the above


Correct Option: D
Explanation:

A country's economic security can be assessed by looking at indicators such as the unemployment rate, inflation rate, and levels of investment.

How does economic security contribute to social stability and political stability?

  1. By reducing poverty and inequality

  2. By creating opportunities for economic advancement

  3. By promoting social cohesion

  4. All of the above


Correct Option: D
Explanation:

Economic security contributes to social stability and political stability by reducing poverty and inequality, creating opportunities for economic advancement, and promoting social cohesion.

What are some of the policy tools that governments can use to promote economic security?

  1. Fiscal policy

  2. Monetary policy

  3. Trade policy

  4. All of the above


Correct Option: D
Explanation:

Governments can use a variety of policy tools, including fiscal policy, monetary policy, and trade policy, to promote economic security.

How can countries balance the need for economic growth with the need for environmental sustainability?

  1. By investing in clean energy and technology

  2. By promoting sustainable agriculture

  3. By implementing carbon pricing

  4. All of the above


Correct Option: D
Explanation:

Countries can balance the need for economic growth with the need for environmental sustainability by investing in clean energy and technology, promoting sustainable agriculture, and implementing carbon pricing.

What is the role of education and skills development in promoting economic security?

  1. To increase the labor force participation rate

  2. To improve productivity

  3. To promote social mobility

  4. All of the above


Correct Option: D
Explanation:

Education and skills development can promote economic security by increasing the labor force participation rate, improving productivity, and promoting social mobility.

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