AS Economics Key Words - Statistics

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This quiz has been taken 1,294 times
The average score is 6 of 11

Answer Stats

Hint	Answer	% Correct
The general Rise in the Price Level over a period of time	Inflation	92%
The point at which Supply and Demand are equal	Equilibrium	89%
What "I" stands for in the AD formula	Investment	74%
The lowest Income able to Pay to any worker in the UK	Minimum Wage	66%
Where the government adjusts spending and tax to stimulate an economy	Fiscal Policy	54%
For example - Roads, buildings and The National Grid	Infrastructure	45%
When there is a misallocation of resources	Market failure	40%
The net transfers of a countries trade in goods and services	Current Account (Balance of Payments)	37%
A good which is better for us than we know	Merit good	35%
Shows the flow of goods and services between households	Circular flow of Income	28%
Aimed at improving or decreasing the supply of an Economy	Supply Side Policy	20%

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