Unit 6 Econ: Indicators/Global economy review

If the cost of building materials goes up so much that it causes inflation:

If the government gives everyone $1 million and it causes inflation:

Which of the following is a major U.S. export?

This indicator will show inflation on the economy first:

If you roof houses and now it is winter, what kind of unemployment is that?

Which economic indicator is best for showing the health of the economy?

If you impose a trade barrier to protect your nations military

Which of the following is NOT true in regard to counting toward the unemployment rate?

Which of the following is the result of a tariff?

how do you fix frictional unemployment?

If you lose your job because of a downturn in the economy, what kind of unemployment is that?

All our deficits added together are called:

Who benefits from trade restrictions?

When a product is sold in a foreign market at a loss to hurt local producers

If net exports is a negative number, what does that mean?

If 10 people are unemployed out of a labor force of 100, what is the unemployment rate?

What is an exchange rate?

What is a tax on an imported good called?

If you lose your job because a robot can do your work, what kind of unemployment is that?

When costs of production rise so fast that producers push the cost up

Who is a major U.S. trade partner?

How are exchange rates established?

What does a strong currency mean?

Which part of the business cycle are we currently in?

Which of the following is NOT a reason that supply and demand for a currency will change?

Which of the following is a major U.S. import?

Why does free trade benefit everyone?

If you impose a trade barrier to protect your domestic producers from foreign competition

What is the current U.S. debt

If you quit your job because you hate your boss, what kind of unemployment is that?

How do you calculate net exports?

If one country is better at producing everything, what kind of advantage do they have?

When demand rises so fast that it pulls prices up

what is the result of a quota?

Goods and services bought from another country are called:

This measures changes in the prices of goods and services commonly bought by consumers:

What does GDP stand for?

If you impose a trade barrier to protect a small company from being run out of business by a large company

If there is so much demand for a product that it causes inflation:

If you wanted to compare prices of gas in the 1950's to today, which indicator would you use?