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- 1. Multiple Choice
Which of the following is a feature of a weak economic climate?
High levels of consumer spending
Low levels of consumer spending
High levels of employment
Low levels of unemployment
- 2. Multiple Choice
Which of the following demonstrates the impact of a weak pound on a UK business that imports raw materials and exports finished goods?
Imported raw materials dearer and exported finished goods cheaper
Imported raw materials cheaper and exported finished goods cheaper
Imported raw materials dearer and exported finished goods dearer
Imported raw materials cheaper and exported finished goods dearer
- 3. Multiple Choice
Which of following is most likely to occur as interest rates fall?
Sales of luxury products increase
Sales of essential products increase
Sales of luxury products decrease
Sales of essential products decrease
- 4. Multiple Choice
The number of people out of work is called:
Inflation
Unemployment Rate
- 5. Multiple Choice
When prices go up:
Inflation
Income Risk
- 6. Multiple Choice
According to the table, what is the Euro equivalent of 1 USD?
1.32 Euros
0.53 Euros
.76 Euros
1.59 Euros
- 7. Multiple Choice
According to the table, what is the USD equivalent of 1 Australian?
0.97 USD
1.32 USD
1.28 USD
1.03 USD
- 8. Multiple Choice
What is the aim of contractionary monetary policy?
Stimulate the economy
Encourage people to buy more, increasing inflation
Lower demand and reduce inflation
Raise employment levels
- 9. Multiple ChoiceStatement1: In a boom high consumer demand which is greater than supply creates excess demand which leads to inflation.. Statement2: Interest rates are set by the monetary Policy Committee (MPC) at the Bank of England.Statement1 True: Statement 2 TrueStatement1 True: Statement2 FalseStatement 1 False: Statement2 TrueStatement1 False: Statement 2 False
- 10. Multiple ChoiceStatement1: Emissions legislation could be seen as both Legal and Environmental. Statement2: Corporation tax is a tax on business revenue.Statement1 True: Statement 2 TrueStatement1 True: Statement2 FalseStatement 1 False: Statement2 TrueStatement1 False: Statement 2 False
- 11. Multiple Choice
What are the six elements of PESTLE?
Peace, Elements, Search, Tape, Legal, and Environment
Power, Environment, Science, Teaching, Legal, and Education
Paper, Element, Savings, Trust, Labels, and Entry
Political, Economic, Social, Technological, Legal, and Environmental
- 12. Multiple ChoiceSWOT stands for:Sudden Weaknesses, Outstanding ThreatsStrengths Weakness Opportunity ThreatsSocial Ways of Overcoming ThreatsStrengths Weakness Outsiders Threats
- 13. Multiple Choice
Exports are...
goods and services that are purchased from overseas businesses
goods and services that are exported to overseas governments
goods and services that are sold domestically to the household sector
goods and services sold by local businesses to overseas consumers
- 14. Multiple Choice
Gross Domestic Product (GDP) refers to
the total monetary value of a country based on goods and services produced
the total value of all goods and services that are required for the production process
the total value of all goods and services produced in a business in a given period of time
the total value of all goods and services produced in a country in a given period of time
- 15. Multiple Choice
A countries GDP represents the economic health of the country.
False
True
- Answer choicesTagsAnswer choicesTags