Y11 Unit 6 review

which term describes the money a person has after they have paid their taxes?

• Indirect tax

• Disposable income

• Profit

• Direct taxation

Which word describes a change in government taxation rates?

• Monetary policy

• Fiscal policy

• Supply side policies

Which word describes the value of one currency in terms of another?

• Inflation

• Depreciation

• Interest rate

• Exchange rate

When would you expect to see high levels of unemployment?

• When a new government comes in to power

• During a recession

• When there is a boom

• when mangos are in season

During a boom what happens?

• Prices are rising and a shortage of skilled workers

• Prices are rising and high levels of unemployment

• A shortage of skilled workers and prices are going lower

• Unemployment high, inflation high and low GDP

Thailand exports a lot of this product:

• Pasta Sauce

• Pharmaceuticals

• Delivery trucks

• Arms

What is a tariff?

• A new hairstyle worn by expats living in Bangkok

• A special tax placed on imports

• A method of controlling inflation

• a type of franchise

Greenpeace and Earth first are examples of:

• Pressure groups

• Consumer boycotts

• Government policies to control inflation

• T-shirt brands

Which of the following is NOT an example of sustainable development?

• Using solar power

• Recycling

• Using plastic packaging if it is the cheapest

• sourcing local and natural ingredients

if a government wanted to invest in its countries infrastructure it might:

• Make Ollie the president

• Build new roads

• Hire more workers in the service industry

• Offer grants to new small businesses