Have an account?
Skip to Content
Build your own quiz
Suggestions for you
31 questions
Show Answers
See Preview
- 1. Open EndedWhat fundamental economic precept is indicated in the example of Coke and East Germany?
- 2. Open EndedWhat is the economic concept of utility?
- 3. Open EndedWhat does the economic concept of cost mean?
- 4. Open EndedAccording to what economic principle do firms operate?
- 5. Open EndedWhy are gas stations in South Africa cleaner?
- 6. Open EndedWhat is the free rider problem?
- 7. Open Ended7. What is the principal-agent problem?
- 8. Open EndedWhat is creative destruction?
- 9. Open EndedExplain what role the government can play in a market economy when dealing with externalities.
- 10. Open EndedWhy is it important for the government to establish property rights and effective institutions?
- 11. Open EndedExplain briefly why human capital and productivity are so important to economic well-being.
- 12. Open EndedHow do financial markets differ from Las Vegas?
- 13. Open EndedWhat does economics explain about the politics of special interest groups?
- 14. Open EndedWhat is GDP? What is the difference between nominal GDP and real GDP?
- 15. Open EndedWhat are some of the causes of recessions?
- 16. Open EndedWhat is fiscal policy?
- 17. Open EndedWhat is Okun's Law?
- 18. Open EndedWhat is the current account surplus and current account deficit?
- 19. Open EndedExplain why the Federal Reserve is such a powerful institution.
- 20. Open EndedExplain what are the functions of money.
- 21. Open EndedWhat gives the dollar its value?
- 22. Open EndedWhat are some of the harmful effects of inflation?
- 23. Open EndedWhat is deflation? Why is it not a positive phenomenon?
- 24. Open EndedWhy do we trade with others?
- 25. Open EndedHow can we offset some of the negative results of globalization?
- 26. Open EndedExplain how globalization positively impacts poor developing nations.
- 27. Open EndedWhat is the primary economic reason why sweatshops pay low wages?
- 28. Open EndedExplain what are some of the factors that contribute to the wealth and poverty of different nations.
- 29. Open EndedExplain why property rights are an important factor in economic development.
- 30. Open EndedWhat is brain drain?
- 31. Open EndedExplain why sound and effective government policies are often associated with successful foreign aid.
- Answer choicesTagsAnswer choicesTags