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ecoonomics defcon 1

Authored by Jon Inge

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11th Grade - University

Used 19+ times

ecoonomics defcon 1
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that a country should be self-sufficient and not take part in international trade.

isolationism
inward oriented economic development
trickle down
subsistence

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The annual income from a security or share , expressed as a percentage of the current market price of the security or share

profit share
dividend 
incomes - curent account
capital gain 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the ratio of a bank’s capacity to its total assets required by regulators to be above a minimum (“adequate”) level so that there is little risk of the bank going bust

capital adequacy ratio
reserves
credit multiplier 
liquidity trap 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The weighted average of a country’s export PRICES relative to its import prices
.

trade weighted index 
trade CPI
real trade balance 
terms of trade

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When capital flows rapidly out of a country, usually because something happens which causes investors suddenly to lose confidence in its economy.

capital d
destruction 
capital flight
 decapitalisation
capitalism 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

quantity theory of money which measure the speed that money moves through or changes hands in the economy

monetary policy
credit creation
velocity of
 circulation 
multiplier

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It predicts that if GDP grows at around 3% a year, the jobless rate will be unchanged. If it grows faster, the unemployment rate will fall by half of what the growth rate exceeds 3% by

Lorenz curve
Pitchford thesis 
Okun's law 
phillips curve 

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