Why do the Chinese keep printing more of their currency??

To increase supply &keep a WPIDEC scenario for cheap exports

What is the definition of exchange rates?

The value of one currency in terms of another

Why might the mean/median incomes be misleading as an income indicator?

It does not tell us about the standards of living

What is globalisation??

Global nature of business, merging of economies/socities

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Y12 Economics B Edexcel - 2.4 - Life in a global economy

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Y12 Economics B Edexcel - 2.4 life in a global economy

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Answers

1
Why do the Chinese keep printing more of their currency??
To increase supply &keep a WPIDEC scenario for cheap exports
To decrease supply &keep a WPIDEC scenario for cheap exports
To increase supply &keep a SPICED scenario for cheap exports
To decrease supply &keep a SPICED scenario for cheap exports
2
There are 4 main indicators to judge economic growth - which of these is NOT ONE of them??
HDI
GNP
Literacy&Health
GDP per capita
3
Which of these is NOT a characteristic of LEDC countries....
Difficult to set up a new business
Cheap labour
Poverty
A welfare net
4
What is the definition of exchange rates?
The value of one currency in terms of another
General increase in average prices
Difference between a country's imports and exports
The cost of borrowing
5
Which of these IS NOT a characteristic of globalisation?
Increased FDI
Trade liberalisation
Increase in world trade/global GDP
Increased migration
6
Why might the mean/median incomes be misleading as an income indicator?
Different numbers
It does not tell us about the standards of living
Mode is better
7
Which of these is NOT a characteristic of MEDC countries....
Developed healthcare
Welfare net
Low life expectancy
High literacy rates
8
What is globalisation??
The global economy
Multinational Corporations
Evolution of communication and transport
Global nature of business, merging of economies/socities
9
Which of these is NOT a characteristic of 'emerging economies'....
Rapid GDP growth
Capital investment
Growing secondary sector
Growing primary sector
10
Which of these IS NOT a valid cause of the rise of globalisation?
Capital market liberalisation/Political change
Increased FDI
Trade liberalisation
Reduced cost of communication & transport

Y12 Economics B Edexcel - 2.4 - Life in a global economy Flashcards | StudBud