Economics questions by Fundação Econo

What are the main elements of Adam Smith's theory?

• freedom and private property

• freedom and peace

• private property and religion

• peace and religion

Which currency depreciated the most in 2022

• Ukrainian hryvnia

• Russian ruble

• Venezuelan bolivar

• Argentine peso

Printing money causes inflation or stops it?

• • Depends, uncontrollably, yes

• • Depends, uncontrollably, no

• Stops it

• • Depends, controllably, yes

What is the meaning of IMF abbreviation?

• International Money Fund

• International Monetary Fund

• International Monetary Fundation

• International Money Fundation

What was the main cause of the 1929 crisis?

• Overproduction and underconsumption

• Global Economic Interconnectedness

• Speculative Bubble in the Stock Market

• Agricultural Crisis

who created the concept of the invisible hand and what is its definition?

• Gerorge Orwell; the unobservable market force that helps the demand and supply of goods in a private market to reach equilibrium automatically is the invisible hand

• Adam Smith; the unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand

• Adam Smith; the unobservable market force that helps the demand and supply of goods in a private market to reach equilibrium automatically is the invisible hand

• John Maynard Keynes; the unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand.

Which of these countries are not part of the eurozone?

• United Kingdom, Sweden, Switzerland and Denmark

• United Kingdom, Sweden, Greece and Turkish

• Switzerland, Russia, Germany and Italy

• Denmark, Ireland, Spain and Switzerland

What is the austrian theory of business cycles about?

• The Austrian theory of economic cycles explains that economic fluctuations are mainly caused by expansions and contractions in the money supply.

• The Austrian theory of economic cycles emphasizes the central role of credit and interest rates in the process of economic growth and recession.

• The Austrian theory of economic cycles argues that government monetary and fiscal policies interfere with the free market and cause distortions in the economic system.

• The Austrian theory of economic cycles, developed by economists like Ludwig von Mises and Friedrich Hayek, highlights the importance of individual actions of economic agents in the dynamics of economic fluctuations.

What is the main function of the central bank in a country?

• Managing fiscal policy

• Regulating stock markets

• Controlling interest rates and money supply

• Collecting taxes

According to the law of supply and demand, when the price of a good increases:

• The demand for the good decreases

• The demand for the good increases

• The supply of the good increases

• The supply of the good decreases