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- Multiple ChoicePlease save your changes before editing any questions.
GDP (select all that apply):
measures the monetary value of goods & services produced within a country in a year
is the Gross Demand Product
is used to measure economic growth
none of the option is correct
- Multiple ChoicePlease save your changes before editing any questions.
Economic growth is the increase in:
Employment
GDP per Capita
Taxes
Interest Rates
None is correct
- Multiple ChoicePlease save your changes before editing any questions.
Economic Growth can bring improved standards of living
true
false
- Multiple ChoicePlease save your changes before editing any questions.
Economic Growth can reduce unemployment rates
true
false
- Multiple ChoicePlease save your changes before editing any questions.
Economic Growth can reduce tax revenues for the government
true
false
- Multiple ChoicePlease save your changes before editing any questions.
The business cycle...
describes the evolution of the trade balance
describes the evolution of the interest rates
none of the options are correct
describes the evolution of the businesses
describes the evolution of the balance of payments
- Multiple ChoicePlease save your changes before editing any questions.
Economic activity is at its highest level when business cycle reaches its:
Trend
Recession
Boom
Recovery
none of the options
- Multiple ChoicePlease save your changes before editing any questions.
During a recession (select all that apply):
Consumption increases
Investment decreases
Unemployment increases
Unemployment decreases
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following would you use to measure the standard of living in a country?
GDP per capita
Human Development Index (HDI)
GDP
none of the options
- Multiple ChoicePlease save your changes before editing any questions.
Because of inflation, you should use:
Real GDP
Net GDP
Gross GDP
all options are correct
none of the options are correct
- Multiple ChoicePlease save your changes before editing any questions.
Occurs when certain countries concentrate on the production of certain goods or services due to cost advantages:
International specialisation
Monetary Policy
Efficiency gains
Balance of payments
Regional specialisation
- Multiple ChoicePlease save your changes before editing any questions.
Benefits of International Specialisation include (select all that apply):
Efficiency gains
Economies of scale
Overspecialisation
High labour turnover
none of the options
- Multiple ChoicePlease save your changes before editing any questions.
Low labour mobility can lead to unemployment:
No, it cannot
Yes, structural unemployment
Yes, cyclical unemployment
Yes, general unemployment
- Multiple ChoicePlease save your changes before editing any questions.
Lemons in Tucuman province that are mainly exported to USA are an example of:
International Specialisation
Regional Specialisation
Both options
None of the options
- Multiple ChoicePlease save your changes before editing any questions.
A financial record of a country's transactions (goods and services) with the rest of the world is called:
International Specialisation
Regional Specialisation
Balance of Payments
Visible Trade Balance
Fiscal Policy
- Multiple ChoicePlease save your changes before editing any questions.
A financial record of the export and import of physical goods is called:
International Specialisation
Regional Specialisation
Balance of Payments
Visible Trade Balance
Fiscal Policy
- Multiple ChoicePlease save your changes before editing any questions.
Invisible Trade Balance: select all the records that could be part of it
banking
insurance
shipping
cars
none of the options
- Multiple ChoicePlease save your changes before editing any questions.
Argentinean tourists spending money in Brazil?
BRAZIL trade balance increases
ARGENTINA trade balance decreases
none of the options are correct
both options are correct
- Multiple ChoicePlease save your changes before editing any questions.
Brazil tourists flying with Aerolíneas Argentinas:
BRAZIL trade balance increases
ARGENTINA trade balance increases
none of the options are correct
both options are correct
- Multiple ChoicePlease save your changes before editing any questions.
Argentinean players paying PLAY STATION PLUS service in dollars:
Argentina Balance of payment increases
Argentina Balance of payment decreases
Argentina Balance of payment remains the same