Trollin' Tom's Economics quiz of amazement and fun!

It's good!

?
  • Created by: Tom
  • Created on: 21-09-12 01:11
What is Inflation in economics?
A general increase in prices and fall in the purchasing value of money
1 of 5
What is the ideal natural rate of unemployment in Austrlia?
5%
2 of 5
What is an embargo?
An official ban on trade or other commercial activity with a particular country
3 of 5
What is free trade?
International trade left to its natural course without tariffs, quotas, or other restrictions
4 of 5
What is GDP (Gross domestic product)?
The total value of goods produced and services provided in a country during one year
5 of 5

Other cards in this set

Card 2

Front

What is the ideal natural rate of unemployment in Austrlia?

Back

5%

Card 3

Front

What is an embargo?

Back

Preview of the front of card 3

Card 4

Front

What is free trade?

Back

Preview of the front of card 4

Card 5

Front

What is GDP (Gross domestic product)?

Back

Preview of the front of card 5

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »