What is the difference between a stock market and a bond market?

Stock market is for equity, Bond market is for debt

What is the difference between a closed economy and an open economy?

Closed economy is self-sufficient, Open economy is dependent on trade.

What is the difference between GDP and GNP?

GDP is domestic production, GNP is national production

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Economics Quiz

20 termsStudBud Administration5 plays

Made by-Aditya Gangwal & Garv Nagpal

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Questions 20

Answers

1
Public goods
Both A and B
Non-rivalrous
None of the above
Non-excludable
2
Inflation is caused by?
Increase in money supply
Decrease in demand
Increase in production
Increase in demand
3
What is the difference between a stock market and a bond market?
Stock market is stable, Bond market is volatile
Stock market is for debt, Bond market is for equity
Stock market is volatile, Bond market is stable
Stock market is for equity, Bond market is for debt
4
Fiscal deficit
Spending>income
None of the above
Income>spending
5
Economic equilibrium
Government control
Market balance
None of the above
Market imbalance
6
GDP is the measure of?
Production
Consumption
All of the above
National income
7
Fiscal policy
Interest rate
Taxation policy
Government spending
All of the above
8
Human capital
None of the above
Education
Both A and B
Skills
9
Consumer surplus
Both A and B
Seller benefit
None of the above
Buyer benefit
10
Intrest Rate
None of the above
Cost of lending
Both A and B
Cost of borrowing
11
Market failure
Both A and B
Monopoly
Inefficiency
None of the above
12
What is the difference between a closed economy and an open economy?
Closed economy is dependent on trade, Open economy is self-sufficient.
Closed economy is self-sufficient, Open economy is dependent on trade.
Closed economy is not isolated, Open economy is isolated
Closed economy is isolated, Open economy is not isolated
13
Economic efficiency
Both A and B
Productive
Allocative
None of the above
14
Money demand
Interest rate
Both A and B
Inflation
None of the above
15
Subsidy
Government assistance
None of the above
Tax break
Price control
16
Monetary policy
Money supply
Both A and B
None of the above
Interest rate
17
What is GDP?
Gross National Product
Gross Domestic Product
Gross International Product
18
A recession is characterized by?
Low inflation
Low GDP growth
High employment
High inflation
19
What is the difference between GDP and GNP?
GDP is domestic production, GNP is national production
GDP is national production, GNP is domestic production.
GDP is domestic income, GNP is national income.
GDP is national income, GNP is domestic income.
20
What is the main goal of monetary policy?
Increase inflation
Increase exports
Increase employment
Control inflation

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