Owen Acadeca Economics Quiz

What is the effect of externalities on resource allocation?

• They have no effect.

• They improve resource allocation.

• They can lead to inefficient resource allocation.

• They always lead to efficient resource allocation.

Which of the following is a type of unemployment?

• Cyclical Unemployment

• Permanent Unemployment

• Seasonal Unemployment

• Voluntary Unemployment

What does GDP stand for?

• Gross Domestic Product

• General Domestic Product

• Gross Development Product

• General Development Product

What is the role of financial intermediaries?

• To create money

• To coordinate saving and investment decisions

• To regulate inflation

• To control government spending

What is the purpose of measuring inflation?

• To determine the unemployment rate

• To assess changes in the price level

• To calculate GDP

• To measure economic growth

What is the focus of Section IV in the Economics Resource Guide?

• Aggregate Demand Curve

• Climate Change and Economics

• Public Goods and Spaces

• Monetary Policy

Which topic is covered under "Economic Concepts and Climate"?

• Wealth Effects

• Externalities

• Inflation

• Interest Rate Effects

What is discussed under "Burdens Facing Poorer Regions"?

• The Social Cost of Carbon

• The Unequal Impacts of Climate Change

• The Keynesian Model

• Monetary Policy

What is a topic under "Policy Responses to Climate Change"?

• Interest Rate Effects

• Geoengineering

• Foreign Exchange Effects

• Wealth Effects

Who is credited with the early outlines of modern economic analysis?

• John Maynard Keynes

• Adam Smith

• Karl Marx

• Milton Friedman