Economic Systems
What does VAT stand for?
Value-Added Tax
What is a TNC?
Transnational Company (Corporation)
What year did World War Two end?
1945
Which Civil Rights leader initially advocated for violent protests to gain equality for Black Americans?
Malcolm X
What day is Star Wars day?
May 4th
What are the three major types of economic systems
Free Market (Enterprise), Mixed, Planned (Command)
Who benefits the most when a trade (exchange of goods) take place?
The Consumer/Buyer
Who first used the phrase 'the iron curtain'?
Winston Churchill
Which prominent political figure was released from prison in February 1991?
Nelson Mandela
What city does Billie Eilish come from?
Los Angeles
How long does a country have to demonstrate negative economic growth to move into a recession?
6 months
Roughly what % of the world's population survives on less than $1 per day?
20%
Which South Vietnamese president was assassinated in 1963?
Ngô Đình Diệm
What is a CSO?
Civil Society Organisation
What is the best selling book series of the 21st century?
Harry Potter
Every system has what three stages?
Inputs- Processes- Outputs
What is outsourcing?
Contracting out work to an outside company to make components/products.
On what day, month and year did North Vietnamese forces capture/liberate Saigon?
30th April 1975
What year was the Brown v Board of Education ruling which desegregated school in America?
1954
What middle name do two members of One Direction both have?
James (Liam and Niall)
What is the name for a market where investment prices are rising?
A Bull Market
What is the name of the island in the Pacific Ocean where the Albatrosses are being killed because of the Great Pacific Garbage Patch?
Midway (Atoll)
What significant global event took place over the 13 days in 1962?
The Cuban Missile Crisis
The people of Myanmar banging pots and pans to protest against the junta is an example of what?
Civil Disobedience
What are the names of the 2 new Pokemon games that will launch in late 2021?
Pokemon Brilliant Diamond & Pokemon Shining Pearl