Microeconomics
What is the kind of tax imposed to wealth and income?
Direct tax (prompt on examples of taxes)
Changing government expenditure and tax rate are examples of which kind of macroeconomic policy?
Fiscal Policy
The Wealth of Nations is an economic book written by which Scottish economist?
Adam Smith
Started from the Wall Street Crush of 1929, which economic slump started in the USA, then swept the globe in the 1930s?
The Great Depression
A firm gets a lower average cost of production when increasing the volume of output. What process is it?
Economic of Scale
A country depreciates its currency to USD. What happened to the exchange rate of this currency to USD?
Which German Economist concluded that an increase in income of a household can lead to a decrease in the percentage of income spent on food?
Ernst Engel
Being built by the Dutch East India Company, the first stock exchange was built in which city of Netherlands?
Euronext Amsterdam/Amsterdam Stock Exchange
Natural defence and clean air are examples of which kind of non-revalrous and non-excludable goods?
Public goods
A country banned to import a kind of good from other country. Which kind of international trade policy is it imposing?
Famous for The Road to Serfdom and his significance in liberism economics, which Austrian Economist got the Nobel Prize for Economics in 1974?
Friedrich August von Hayek
Issued by Chiang Kai Shek's government in 1948, which Chinese Currency was famous for its hyperinflation?
Chinese Gold Yuan/Jinyuanquan
There are several suppliers in the fresh fruit and vegetable market selling things with exactly the same quality. What kind of market structure is it?
Perfect competitive market
A country develops a wide range of industry avoiding current account deficit. What kind of economic policy is it?
Mercantilism
General Pinochet of Chile, Prime Minister Thatcher of the UK and President Reagen of the USA all put which economic opinion into practise?
Neoliberalism
Japan