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Total questions: 137

Worksheet time: 7hrs 51mins

Name
Class
Date
1.

what do resources include?

(a)  

2.

what can be considered as impartant choices?

4 lines
3.

what is economics?

4 lines
4.

what purpose do people use their resources for?

4 lines
5.

what dose the term "well-being"?

4 lines
6.

why does economics reveal the ways people and government behavior?

4 lines
7.

what are two types of economics?

4 lines
8.

what dose microeconomics study?

4 lines
9.

what dose macroeconomics study?

4 lines
10.

what can you learn from the economic theory of Adam Smith?

4 lines
11.

what can you learn from the economic theory of Marxism?

4 lines
12.

what does the recent economic theory of the Keynessian School indicate?

4 lines
13.

in general, how can people benefit from studying economics?

4 lines
14.

what does the term 'trade-offs" mean?

4 lines
15.

give some examples explaning the trade-off made by consumer?

4 lines
16.

in a planed economy, who makes decisons on the allocation of scare resources?

4 lines
17.

what can you learn from the "consumer theory"?

4 lines
18.

give some examples explaning the trade-offs made by workers?

4 lines
19.

give some examples explaning the trade-offs made by firms?

4 lines
20.

what does the theory of the firm indicate?

4 lines
21.

what are three important thems of microeconomics?

4 lines
22.

what is the goal of macroeconomics?

4 lines
23.

what are two main/major macroeconomics policies?

4 lines
24.

what are the main tools of Monetary policy?

4 lines
25.

what are the main tools of Fiscal policy?

4 lines
26.

what are the basic objective of two main macroeconomics policies?

4 lines
27.

what is the difference between microeconomics and macroeconomics?

4 lines
28.

why is it said that micro and macreconomics are inerdependent and compliment one another?

4 lines
29.

what is the definition of "demand"?

4 lines
30.

how do prices of a good influence its quantity demand?/

what does the law of demand state?

4 lines
31.

what factors cause the whole demand curve shift to the left or to the right?/

what are the shift factors of demand?

4 lines
32.

what is the definition of 'supple"/"quantity supplied"?

4 lines
33.

how do prices of a good influence its quantity supplied?/

what does the law of supply state?

4 lines
34.

what are the shift factors of supply?

4 lines
35.

how does the demand curve change if the price changes?

4 lines
36.

what happend to demand curve if the shift factors of demand change?

4 lines
37.

what happend to suppl curve if prices change?

4 lines
38.

what happend to supply curve if the shift factors change?

4 lines
39.

what are the differences between an increse in supply and an increase in quantity supplied?

4 lines
40.

when is a market in equilibium?

4 lines
41.

what is the demand/supply curve?

4 lines
42.

what does the US Treasury do when revenue from taxes is not enough to cover all of the government's expenditure?

4 lines
43.

what are individual income taxes/payroll taxes/corporate taxes/custom duties excise taxes?

4 lines
44.

what are federal funds/trust funds? For what purpose?

4 lines
45.

by what way does Treasury borrow money?

4 lines
46.

what is the Federal Debt/Debt Held by the public/Debt Held by federal account?

4 lines
47.

who are the Federal Government own money to?

4 lines
48.

in what way do government spending and taxation affect the economy? Give examples

4 lines
49.

what are the main tools of Fiscal policy?

4 lines
50.

what is deficit/deficit spending? Is it useful or harmful for the conomy?why?

4 lines
51.

what is fiscal policy?

4 lines
52.

what are they aimed at?

4 lines
53.

under what circumstances can fiscal policy be expansionary/Contractionary? why?

What do you know about Expansionary/Contractionary fiscal policy?

4 lines
54.

what factors should be considered in making decisions on the fiscal policy?

4 lines
55.

why should the government consider the fiscal policy of other governments?

4 lines
56.

how can be deficits be financed?

4 lines
57.

if the government borrows money, what will happend?

4 lines
58.

if the government prints money, what will happend?

4 lines
59.

what is the primary function of taxation?

4 lines
60.

what is the function of direct excise duties?

4 lines
61.

what is the function of income taxes?

4 lines
62.

why is it said that business profits are generally taxed twice?

4 lines
63.

what is the Regressive taxes/Progessive taxes?

4 lines
64.

how do people avade tax?

4 lines
65.

what is tax evasion?

4 lines
66.

how do criminal organizations evade tax?

4 lines
67.

what does the term "tax avoidance" mean?

4 lines
68.

how do people avoid paying tax?/How do high-paid employees reduce their income tax liabilities?

4 lines
69.

how do companies avoid tax on profits?

4 lines
70.

what is income tax?

4 lines
71.

what is direct tax?

4 lines
72.

what is indirect tax?

4 lines
73.

what is value-added tax?

4 lines
74.

what is "capital gain tax"?

4 lines
75.

what is "capital transfer tax"?

4 lines
76.

what is the wealth tax?

4 lines
77.

what does the "tax shelters" mean?

4 lines
78.

what does "tax haven' mean?

4 lines
79.

what is sales tax?

4 lines
80.

in what way, losses can be predicted before they occur?

4 lines
81.

why is the predictability of losses in advance basic to an insurance system's operation?

4 lines
82.

what is insurance in financial definition?

4 lines
83.

what does the insurance argreement invole?

4 lines
84.

how can an insurance system accomplish the redistribution of the cost of losses?

4 lines
85.

what does the insured recieve when a loss occur?

4 lines
86.

why are people willing to pay an insurance premium?

4 lines
87.

why is an insurance system able to operate?

4 lines
88.

is insurance like glambing? why?

4 lines
89.

what do you know about contracts of insurance?

4 lines
90.

what is concept of "money"?

4 lines
91.

what are the functions of money?

4 lines
92.

what is "medium of exchange"?

How is money used as a medium of exchange?

4 lines
93.

what is the unit of account? How is money used as a unit of account?

4 lines
94.

how is money used as a store of value?

4 lines
95.

how is money used as a standard of defered payments?

4 lines
96.

what do you think is the most important function of money? why?

4 lines
97.

what are two main types of money? what are they?

4 lines
98.

what are some main differences between commodity and token money?

4 lines
99.

what are three main (quantitative) tools of monnetary policy?

4 lines
100.

what is Monetary policy?

4 lines
101.

what is called reserve requirement? what are the roles of reserve requirement?

4 lines
102.

what is the discount rate? And what are the role of discount rate?

4 lines
103.

how can the central banks shift aggregate demand?

4 lines
104.

what are open market operations? what are the roles of OMP?

4 lines
105.

how can the banks encourage people to borrow and spend more money?

4 lines
106.

when will prices begin rising?

4 lines
107.

what can the central bank do to reduce/increase aggregate demand?

4 lines
108.

when might the central bank wan to reduce the money supply?

4 lines
109.

what is the difference between expensionary/restrictive monetary policy?

4 lines
110.

what is the foreign exchange market?

4 lines
111.

why is the foreign exchange market considered to be an OTC market?

4 lines
112.

why does London become the world's largest foreign exchange centre?

4 lines
113.

what are two types of transactions in the foreign exchange market? what are they?

4 lines
114.

how many types of participants in the foreign exchange market? Who are they?

4 lines
115.

how do brokers participate in the foreign exchange market?

4 lines
116.

how do market makers (central banks and dealers) participate in the foreign exchange market?

4 lines
117.

how do customers participate in the foreign exchange market?

4 lines
118.

what is the main function of financial market?

4 lines
119.

what is the debt market?

4 lines
120.

what is the debt instument?

4 lines
121.

what is short-term debt instrument?

4 lines
122.

what is long-term debt instrument?

4 lines
123.

what is intermediate-term debt instrument?

4 lines
124.

what is the Equity market?

4 lines
125.

what is the main advantage of owning (hoding) a corporation's equities?

4 lines
126.

what is the main disadvantage of owning (hoding) a corporation's equities?

4 lines
127.

what is primary market?

4 lines
128.

what is secondary market?

4 lines
129.

why are the primary markets for securities not well known to the public?

4 lines
130.

what are the functions of secondary market?

4 lines
131.

what is the Exchange market?

4 lines
132.

what is an OTC market?

4 lines
133.

what is Money market?

4 lines
134.

what is capital market?

4 lines
135.

what is a planned economy?

4 lines
136.

what is a mixed economy?

4 lines
137.

what is a market economy?

4 lines

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