#1
Which country has the largest economy in the world?
#2
What is the term used to describe the total value of goods and services produced by a country in a given year?
#3
Which organization is responsible for regulating international trade and resolving trade disputes among member countries?
#4
What is the term for a situation where the prices of goods and services rise steadily, reducing the purchasing power of money?
#5
Which country has the highest GDP per capita as of the latest available data?
#6
What is the term for the total value of a country's exports minus the total value of its imports?
#7
Which of the following is NOT a characteristic of a developed economy?
#8
What is the name of the index used to measure income inequality within a country?
#9
Which country experienced rapid economic growth and industrialization, earning the nickname 'Asian Tiger'?
#10
What is the primary goal of microfinance?
#11
Which of the following is NOT a component of the Human Development Index (HDI)?
#12
What is the name of the economic theory that suggests government spending should increase during economic downturns to stimulate demand?
#13
Which economic theory advocates for minimal government intervention in the economy and promotes free-market capitalism?
#14
Which economic concept refers to the situation where a country specializes in producing goods or services where it has a comparative advantage?
#15
Which economic concept describes the situation where the production of one good decreases as the production of another good increases?
#16
According to the law of demand, what happens to quantity demanded when the price of a good increases, assuming all other factors remain constant?
#17