#1
Which of the following is a characteristic of a developed economy?
High GDP per capita
High population growth rate
Low literacy rate
High dependency ratio
#2
What does GDP stand for?
Gross Domestic Product
Global Development Process
General Development Policy
Growth Development Potential
#3
What is the purpose of foreign direct investment (FDI)?
To boost domestic savings
To increase government revenue
To stimulate economic growth and development
To reduce unemployment rates
#4
Which economic indicator measures the percentage change in the price level of a basket of goods and services over time?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
Inflation Rate
#5
What is the main goal of monetary policy?
Stabilize prices and control inflation
Encourage economic growth through tax cuts
Regulate international trade
Provide social welfare programs
#6
Which of the following is a characteristic of a developing economy?
High per capita income
Low levels of poverty
Limited access to basic infrastructure
High Human Development Index (HDI)
#7
Which of the following is NOT a characteristic of a global economy?
Increased international trade
Limited cross-border investments
Globalization of production
Interconnected financial markets
#8
What is the primary focus of microeconomics?
Study of individual consumer behavior
Study of aggregate economic indicators
Analysis of overall economic growth
Examination of national economic policies
#9
What is the role of the World Trade Organization (WTO) in global trade?
To regulate international labor standards
To promote free trade and resolve trade disputes
To provide financial aid to developing countries
To control global oil prices
#10
Which of the following is a characteristic of a command economy?
Decentralized decision-making
Private ownership of resources
Government control over production and distribution
Market-driven allocation of resources
#11
Which economic system relies heavily on the forces of supply and demand to determine prices and allocate resources?
Socialism
Capitalism
Communism
Feudalism
#12
What is the term for a sustained, long-term downturn in economic activity?
Recession
Boom
Expansion
Depression
#13
Which of the following is a measure of income inequality within a country?
Gross National Product (GNP)
Human Development Index (HDI)
Gini coefficient
Consumer Price Index (CPI)
#14
What is the term used to describe the situation when a country can produce a good at a lower opportunity cost than another country?
Absolute advantage
Comparative advantage
Opportunity cost advantage
Resource efficiency
#15
Which organization is responsible for issuing a common currency, the Euro, used by several European countries?
European Union (EU)
North Atlantic Treaty Organization (NATO)
Organization of Petroleum Exporting Countries (OPEC)
International Monetary Fund (IMF)
#16
What economic concept describes the maximum amount of one good that must be given up to obtain one more unit of another good?
Utility
Equilibrium
Opportunity cost
Marginal cost
#17
Which international financial institution provides loans and grants to the world's poorest countries for development projects?
World Bank
International Monetary Fund (IMF)
Asian Development Bank (ADB)
African Development Bank (AfDB)