Business
Microeconomics
Macroeconomic
International
Development
100
someone who has an interest in the decisions taken by a business
What is a stakeholder
100
as price increases quantity demanded decreases
What is the law of demand?
100
when exports > imports
What is a current account surplus?
100
the value of one currency expressed in terms of another
What is an exchange rate?
100
investment into production or retail facilities by foreign firms
What is foreign direct investment (FDI)?
200
manufacturing and construction
What is the secondary industry/sector?
200
the responsiveness of quantity demanded to a change in price
What is price elasticity of demand?
200
a measure of prices which includes housing & council tax.
What is the Retail Price Index?
200
the currency of Vietnam
What is the dong?
200
the transportation, electricity, water and communications networks in a country
What is infrastructure?
300
the finances of the business and the owners are separate
What is limited liability?
300
a good for which demand will rise if income rises
What is a normal good?
300
a period where aggregate demand is falling
What is deflation?
300
the market where currencies are traded
What is the foreign exchange market?
300
an international organisation that promotes global free trade
What is the World Trade Organisation?
400
when the board of directors of a company are elected
What is an Annual General Meeting (AGM)?
400
a tax levied as a percentage of the price of a good
What is an advalorem tax?
400
when government revenue exceeds government expenditure
What is a budget surplus?
400
a person or organisation that tries to make money from currency movements
What is a speculator?
400
international financial assistance dependent on the recipient country agreeing to certain conditions
What is tied aid?
500
individuals or organisations that owe us money
What is a debtor?
500
the ability of a firm to increase production with existing factors of production
What is spare capacity?
500
the combination of inflation and negative economic growth
What is stagflation?
500
the currency of Syria
What is the Syrian pound?
500
making small loans to those who have no access to mainstream financial services
What is micro-credit?
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