Network
The term "free trade" refers to:
a) The absence of government intervention in the economy
b) The unrestricted movement of goods and services across international borders
c) The regulation of monopolistic practices in the market
d) The control of foreign exchange rates by the central bank
Jawaban: b) The unrestricted movement of goods and services across international borders
What does the term "financial market" mean?
a) The market where goods and services are bought and sold
b) The market where stocks and bonds are traded
c) The market where foreign currencies are exchanged
d) The market where the central bank controls the money supply
Jawaban: b) The market where stocks and bonds are traded
The term "fixed cost" refers to:
a) The cost that varies with the quantity of output produced
b) The cost of raw materials used in production
c) The cost of labor hired by a company
d) The cost that remains constant regardless of the quantity of output produced
Jawaban: d) The cost that remains constant regardless of the quantity of output produced
The term "GDP" stands for:
a) Gross Domestic Product
b) Government Debt-to-GDP Ratio
c) General Price Deflator
d) Goods and Services Distribution Policy
Jawaban: a) Gross Domestic Product
What does the term "inflation" mean?
a) The increase in the overall level of prices
b) The decrease in the overall level of prices
c) The increase in the value of a currency relative to other currencies
d) The decrease in the value of a currency relative to other currencies
Jawaban: a) The increase in the overall level of prices
The term "monopoly" refers to:
a) A market structure with many sellers and buyers
b) A market structure with a single seller and many buyers
c) A market structure with few sellers and many buyers
d) A market structure with many sellers and few buyers
Jawaban: b) A market structure with a single seller and many buyers
What is the meaning of the term "opportunity cost"?
a) The cost of producing one more unit of a good
b) The cost of producing a good in terms of the next best alternative forgone
c) The cost of resources used in production
d) The cost of borrowing money from a bank
Jawaban: b) The cost of producing a good in terms of the next best alternative forgone
The term "incentive" refers to:
a) A tax imposed on goods and services
b) A subsidy provided by the government
c) A reward or penalty that motivates individuals or firms to take certain actions
d) The total revenue earned by a company
Jawaban: c) A reward or penalty that motivates individuals or firms to take certain actions
What does the term "interest rate" mean?
a) The rate at which the government collects taxes from individuals and businesses
b) The rate at which prices of goods and services change over time
c) The rate at which the central bank lends money to commercial banks
d) The cost of borrowing money, expressed as a percentage
Jawaban: d) The cost of borrowing money, expressed as a percentage
The term "monetary policy" refers to:
a) The government's decisions regarding taxation and spending
b) The control of the money supply and interest rates by the central bank
c) The regulation of financial markets and institutions
d) The international trade policies of a country
Jawaban: b) The control of the money supply and interest rates by the central bank
