Global Economy Quiz

What is the global economy?

• The total amount of money in each country’s economy.

• All the transactions that occur in the markets in your country’s economy.

• All the transactions that occur in connected markets across the economies of different countries.

• The total amount of investment opportunities within each country

How does a global economy impact you?

• You can access goods, services, and investments from different markets around the world.

• The transactions you make in your own country are often connected to different markets around the world.

• You can only access goods, services, and investments inside of your own country’s markets.

• Both A and B

Which of the following statements about the relationship between the financial market and the economy is TRUE?

• The financial market helps the economy grow.

• The financial market only benefits companies in the economy.

• The goods and services market influences the economy more than the financial market.

• There is no relation between the financial market and the economy

Which of the following is NOT an example of a financial market?

• The capital market

• The money market

• The derivatives market

• The export market

Which of the following is NOT an example of a transaction?

• Getting a paycheck from your job for the hours you worked.

• Paying a restaurant bill at the end of your dinner.

• Giving your friend a gift for their birthday.

• Selling a pair of old shoes online for $20

Which of these situations are more likely to happen in a GOOD economy?

• Phyllis’ Coffee, a new business, isn't able to innovate their coffee making process because money is tight.

• Carlos was able to finish a design bootcamp and interview at many companies until he finds the job he likes best.

• Laila is settling for a job that she doesn’t want but she needs the money and there aren’t any other options.

• Thrills Park delays building the new roller coaster until they can get a bank loan.

Which of the these situations are more likely to happen in a GOOD economy?

• Phyllis’ Coffee, a new business, isn't able to innovate their coffee making process because money is tight.

• Carlos was able to finish a design bootcamp and interview at many companies until he finds the job he likes best.

• Laila is settling for a job that she doesn’t want but she needs the money and there aren’t any other options.

• Thrills Park delays building the new roller coaster until they can get a bank loan.

Which of these situations are more likely to happen in a BAD economy?

• Jordan just graduated from college and has three job offers waiting for him.

• The Adobo Grill restaurant has to lay off two employees because business is very slow.

• Carlos was able to finish a design bootcamp and interview at many companies until he finds the job he likes best.

• Amanda just graduated from technical school and took a new job that pays her a high salary.

An increasing unemployment rate is associated with a growing economy.

• True

• False

Steadily increasing inflation is associated with a growing economy.

• True

• False