Week 7 Economics QUIZ

Which of the following is a primary greenhouse gas responsible for climate change?

• Nitrogen

• Oxygen

• Carbon dioxide

• Helium

What economic concept refers to the total value of goods and services produced within a country's borders in a specific time period?

• Gross National Product (GNP)

• Gross Domestic Product (GDP)

• Net National Product (NNP)

• Net Domestic Product (NDP)

How does climate change impact agriculture?

• Increases crop yields

• Decreases access to water for irrigation

• Reduces soil erosion

• Enhances biodiversity in agricultural systems

Which of the following is NOT a potential consequence of income inequality?

• Reduced social mobility

• Decreased crime rates

• Increased political instability

• Health disparities

In economics, what term describes the unequal distribution of wealth and income within a population?

• Fiscal policy

• Gini coefficient

• Aggregate demand

• Monopolistic competition

What is one of the main drivers of income inequality in developed economies?

• Technological advancement

• Universal basic income

• Government subsidies

• Agricultural productivity

How does climate change affect global water resources?

• Increases water availability

• Decreases water quality

• Reduces the risk of droughts

• Enhances groundwater recharge

What term refers to the income or wealth gap between the top earners in society and the rest of the population?

• Wage discrimination

• Income disparity

• Wealth gap

• Inflationary gap

Which economic policy is aimed at reducing income inequality by providing financial assistance to low-income individuals or families?

• Austerity measures

• Supply-side economics

• Universal basic income

• Fiscal stimulus

What is the term used to describe the income level below which individuals or families are considered to be living in poverty?

• Median income

• Absolute poverty line

• Relative poverty line

• Gini coefficient