Review Grade 9

This international organization has 164 members as of year 2021

• WTO

• EU

• ASEAN

• APEC

GDP means…

• Gross Domestic Produce  

• Grow Domestic Product  

• Gros Domestic Product

• Gross Domestic Product   

A country which can produce more output than the other.  

• Comparative Advantage

• Absolute Advantage

• Surplus

• Perfect Advantage

An imperfect competition that has  few seller.

• Monopolistic

• Duopoly

• Perfect

• Oligopoly

An amount of money spent.

• change

• price 

• expenditure

• GNP

NDP means…

• National Domestic Product

• Nes Domestic Product

• Net Domestic Product

• Net Domestic Produce

It’s a prolonged rise in the general price level of goods and services.

• Inflation

• CPI

• Demand

• Supply

A trade barrier designed to protect its domestic producers.

• Revenue tariff

• Protective tariff

• quota

• embargo

A trade barrier designed to raise the government’s revenue.

• quota

• embargo

• Protective tariff

• Revenue tariff

Which country don’t use euro currency?

• Sweden

• Belgium

• Finland

• Ireland