Economics Quiz 2

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Quiz by SamT32
Last updated: June 7, 2020
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First submittedJune 7, 2020
Times taken18
Average score57.1%
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Who wrote the general theory of employment, interest & money
John Maynard Keynes
A good that is non-rivalrous and non-excludable
Public Good
The increase in the price of a currency
An exchange rate system with no intervention
Floating Exchange Rate System
When import expenditure exceeds export revenue
Trade Deficit
What does the Gini Coefficient measure
Income Inequality
A Trade Bloc with a common external barrier
Customs Union
Costs that can't be recovered
Sunk Costs
A market structure with a few dominant sellers
Total Revenue - Total Cost
Main policy tool of a central bank
Interest Rates
A type of unemployment caused by a downturn in the economy
Cyclical Unemployment
What does PPP stand for
Purchasing Power Parity
The name for a good where demand increases as price increases
Veblen Good
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