stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Odd IB economics quiz? Flashcards | StudBud
Explore
/
Odd IB economics quiz?
Odd IB economics quiz?
42 terms
·
StudBud Administration
·
230 plays
Revision with HL syllabus
Flashcards
42 cards
F
Practice quiz
P
Host live
L
Questions
42
Answers
1
The concept of comparative advantage can be shown by...
AVC
MNC
PPC
MPC
2
Net property income from abroad is the difference between...
GNI and GDP
GNP and Net exports (X-M)
GNP and GNI
Nominal and real GDP
3
Monopoly maximises profits at the...
quantity where MR=0
price where AR=MC
price where MC=MR
quantity where MC=MR
4
Which of the following has a managed exchange rate?
Vietnamese ₫ (dong)
GB£
US$
€
5
Which of the following
only
occurs in the new classical model?
AD
Y
AS
LRAS
6
A positive production externality occurs when...
MSC<MC
MSB>MB
MSC>MC
MSB<MB
7
The calculation for the multiplier
NEVER
includes...
MPM
PPC
MPC
MPS
8
Nestlé fails to operate in the best interests of society because it...
kills babies by selling powder milk to uneducated mothers
All of these
removes almost all profit from LDCs
employs child and slave labour
9
A reduction in income tax on the wealthy may
NOT
increase (shift to the right) the
LRAS
LRAC
AS
AD
10
Which of the following is
NOT
a vertical or almost vertical function?
TLF
LRPC
LRAC
LRAS
11
If the price of exports rises relative to imports, then a floating exchange rate will...
appreciate
can't be calculated
depreciate
remain unchanged
12
Which of the following is classified as an LDC (LEDC)?
Hong Kong
Singapore
South Korea
Taiwan
13
The Marshall-Lerner condition if fulfilled if...
PEDm+PEDx=0
PEDm+PEDx=1
PEDm+PEDx > 1
PEDm+PEDx < 1
14
Which of the following states
is
a member of the WTO?
Seychelle Islands
Eretrea
Vanuatu
North Korea
15
Which organisation restructures and reschedules debts?
IMF
WTO
IBRD
UN
16
Revenues are maximized when...
MC=AC
MR=0
MR=MC
AR=0
17
Which of the following is a public good?
HBO
AMD
BBC
GSK
18
BOP (balance of Payments) does
NOT
include...
Business Account
Financial Account
Capital Account
Current Account
19
The responsiveness of quantity supplied to any change in price is...
YED
XED
PED
PES
20
Equilibrium
unemployment
(NRU) can be shown on a graph by the ....
LRAC
LRAS
LRPC
SRPC
21
HDI includes...
Literacy Rates
Gini Index
Internet connections (per thousand)
GNI/capita
22
Volatile prices of primary products is due to...
PED=-1
PED<-1
PED=0
PED>-1
23
FDI by MNCs results in increasing...
IMF
CPI
GDP
NGO
24
What effect will an increase in the CPI have on floating exchange rates (ceteris paribus)?
depreciate
devaluation
revaluation
appreciate
25
Expansionary fiscal policy accompanied by complete crowding out results in AD
shifting left
remaining constant
shifting to the LRAS
shifting right
26
Which of the following negotiate with the WTO?
IMF
EU
FDI
MNCs
27
Ceteris paribus is latin for...
nothing is equal
some other things remain equal
all other things remain equal
everything remains equal
28
Whichof the following is NOT a trading bloc?
NAFTA
EU
NATO
WTO
29
PPP stands for...
Producer Power Partnership
Purchasing Power Parity
Producer Price Parity
Producer Purchasing Parity
30
Allocative efficiency may be defined as...
MC=AC
MC=MR
MSC=MSB
P=AR
31
Aid from private organisations goes through...
MNC
NGO
WTO
ODA
32
The Gini co-efficient for Finland is...
32
22
37
27
33
Expansionary monetary policy should increase (shift to the right) the...
AD
AS
LRAS
SRAS
34
China has reached the level of high GDP/capita at PPP, going above...
$5 000
$15 000
$10 000
$20 000
35
Which is NOT an example of over-dependence?
Russia and oil
Ethiopia and coffee
Brazil and timber
Zambia and copper
36
Life expectancy is a health indicator, low levels in Sub-Saharan Africa are...
<40
<20
<60
<80
37
Allocative efficiency in perfect competition is where
AC>AR
P=MC
MC<MR
MR=AR
38
A country has a current account deficit when...
X<M
X>M
T>G
T<G
39
Ad valorum is latin for...
with all other value
everything else remains equal
with value added
with no value
40
A negative consumption externality occurs when...
MB>MSB
MC>MSC
MB<MSB
MC<MSC
41
Inflation is typically measured by...
GNI
CCR
CPI
FDI
42
AD does
NOT
include...
I
C
G
S
