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

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  • Created by: Tom
  • Created on: 21-09-12 01:11

1. What is free trade?

  • A form of foreign aid, the act of giving something for free.
  • International trade left to its natural course without tariffs, quotas, or other restrictions
  • An official ban on trade or other commercial activity with a particular country
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Other questions in this quiz

2. What is GDP (Gross domestic product)?

  • The projection of international goods and services produced, death rate and over all human emotion in the area.
  • The total value of goods produced and services provided in a country during one year
  • A disgusting product made in a particular area.

3. What is Inflation in economics?

  • A general increase in prices and fall in the purchasing value of money
  • The action of inflating something or the condition of being inflated.
  • A general decrease in prices and rise in purchasing value of money.

4. What is the ideal natural rate of unemployment in Austrlia?

  • 5%
  • 0%
  • 7%

5. What is an embargo?

  • An official ban on trade or other commercial activity with a particular country
  • A name.
  • A release of restrictions of trade or other commercial activity with a particular country.

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