Capital controls are not limited on...

• local investment

• direct investment

• foreign investment

• domestic residents' investment

What is the meaning of the term "deficit" in economics?

• The excess of government spending over government revenue

• The excess of government revenue over government spending

• The total amount of money in circulation

• The balance between imports and exports

The term "capital" in economics refers to...

• Money used for investment or production

• Total assets owned by a company

• A city that serves as a center of economic activity

• The physical buildings and infrastructure in an economy

What is the meaning of the term "demand curve"?

• The total amount of goods and services demanded in an economy

• The change in quantity demanded due to a change in price

• The demand for a specific product in the market

• A graphical representation of the relationship between price and quantity demanded

The term "deflation" means....

• An increase in the overall level of prices

• A decrease in the overall level of prices

• A decrease in the money supply

• An increase in the unemployment rate

What is the definition of "comparative advantage"?

• The total value of a country's exports minus imports

• The ability of a country to produce more goods than another country

• The ability of a country to produce a good at a lower opportunity cost than another country

• The rate at which one currency can be exchanged for another

Cartel is common when there is....

• monopoly

• competition

• antitrust

• oligopoly

What does commoditization bring about?

• high prize

• high profit margin

• fierce competition

• faster pace of innovation

A country's comparative advantage will be....

• diabolic

• static

• dynamic

• transgenic

A country's future prosperity depends on...

• its growth in economy

• its growth in business

• its growth in economic performance

• its growth in productivity