Basic Economic Terms Quiz

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Test your knowledge of fundamental economic concepts.

Créé par

Jenny Marcela Flórez Montoya

Colombia

Téléchargez la version pour jouer sur papier

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2	Emmanuel Guzmán 26 Juillet 2025	% 100	01:48
3	Cristina 26 Juillet 2025	% 92	03:27
4	PAULA ANDREA RIVILLAS OCHOA 26 Juillet 2025	% 92	04:11
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6	Camila 26 Juillet 2025	% 92	04:34
7	Valeria 26 Juillet 2025	% 92	04:45
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Basic Economic Terms Quiz


Basic Economic Terms QuizVersion en ligne Test your knowledge of fundamental economic concepts. par Jenny Marcela Flórez Montoya 1 1. What does "low interest rates" mean? a A. Prices are increasing b B. Workers are paid more c C. It’s cheap to borrow money d D. The government is cutting taxes 2 What is the term for money earned from work or investments? a Tax b Income c Debt d Expense 3 What is the term for the total value of goods and services produced? a Gross Domestic Product (GDP) b Inflation c Net Income d Gross National Product 4 What is the term for a decrease in the general price level? a Deflation b Inflation c Recession d Stagnation 5 What is the term for money paid regularly to support government services? a Investment b Loan c Grant d Tax 6 What is a market economy? a A barter system b A planned economy c A government-controlled economy d An economy driven by supply and demand 7 What is "foreign investment"? a A. Money saved in banks b B. Money spent by local families c C. Money that comes from other countries to invest d D. Cash used by tourists 8 a "skilled staff" is ______________ a people with a couple of skills b Workers with special training and experience c the personnel in a company d training for the workers 9 What does "stable economy" mean? a The economy is unpredictable b There is no inflation c Prices and growth are consistent d The currency never changes 10 What does “tax incentive” mean? a Extra taxes for large companies b paying taxes on time c A fine for tax delays d A reduction in taxes to attract businesses 11 What is the "exchange rate"? a The average bank rate b The value of one currency against another c The price of gold d The cost of living 12 What does “government bureaucracy” often cause? a approval of projects b Confusion and delays c More foreign investment d Higher salaries for workers

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Basic Economic Terms Quiz

Test

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Basic Economic Terms QuizVersion en ligne

par Jenny Marcela Flórez Montoya

1. What does "low interest rates" mean?

What is the term for money earned from work or investments?

What is the term for the total value of goods and services produced?

What is the term for a decrease in the general price level?

What is the term for money paid regularly to support government services?

What is a market economy?

What is "foreign investment"?

a "skilled staff" is ______________

What does "stable economy" mean?

What does “tax incentive” mean?

What is the "exchange rate"?

What does “government bureaucracy” often cause?