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Economics Trivia Quiz

Social Studies

12th Grade

Used 4+ times

Economics Trivia Quiz
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20 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The non-price factor that does NOT affect supply is?

effects of technology

competition

cost of production

income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the amount of money that a country owes to its creditors

balance of trade

balance of payments

foreign reserves

external debt

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process by which two independent firms come together to form a new firm.

Merger

Acquisition

Meeting

Multinational

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A situation where the economy's resources are not efficiently allocated: the market does not produce the goods and services that consumers most want and in a quantity that is required.

Market shortage

Market inefficiency

Market lack

Market failure

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The role of the International Bank for Reconstruction and Development, or World Bank, was to grant long-term loans for the economic development of less developed countries and the reconstruction of war-torn countries in Europe.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money sent by foreign workers to individuals in a home country. This is greater in Africa than FDI.

Microloans / Microfinance

Remittances

MDGs

Direct cash transfers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a tool of the monetary policy?

open market operations

reserve requirements

government spending

discount rate

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