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Economics

Authored by Patricia White

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11th Grade

Economics
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

How is  the purchase of imported cars  recorded in Australia's BoP?

As a goods credit in the current account
As a goods credit in the income account
As a goods credit in the capital account
As a goods debit in the current account

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

How is spending by tourists visiting Australia recorded in the BoP?

As a service debit in the current account
As an income credit in the current account
As a service credit in the current account
As a service credit in the capital account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

How is the payment of interest on foreign loans recorded in the BoP?

As an income debit in the current account
As a service debit in the current account
As a foreign investment debit in the financial account

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Expenditure by Toyota Australia, on freight costs for imported cars, is recorded in the balance of payments as

an income debit in the current account
a service debit in the current account
a service deficit in the current account
an income deficit in the current account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Development aid is different from emergency relief in that

it is responsive to natural disasters
its aim is to build the productive capacity of the recipient
it is impossible to plan in advance.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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A rise in import spending would, ceteris paribus,

increase an existing Balance on Goods and Services deficit.
reduce an existing current account deficit

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A payment for which nothing of economic value is received in return is called

a transfer payment
a waste of money
a Dead Weight Loss

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