M2 Eco quiz 1

What does deficit mean?

• More money is spent than earned

• More money is earned than spent.

• Too much money is invested.

What is inflation?

• The increase of investment

• The return from interest

• The increase in costs of goods and services

What is a loan?

• A type of savings

• Money borrowed with interest

• Money invested with interest

What is an entrepreneur?

• Someone that starts a business

• Someone that works in management

• The CEO of a stock listed company

What is production?

• The creation of a new service

    

• The creation of a business

• The creation of goods

What is the biggest problem for the Thai economy?

• Too little investment

• Too little savings

• Too much investment

If a country doesn't have enough money, where does it get its investment from?

• Taxes

• Private Companies

• Other countries

Which is not a production factor?

• Land

• Labour

• Legal requirements

What is capital?

• The biggest city in a country

• Resources used for investment

• Money earned

Who is the labour resource for the M2 class?

• Teachers

• Students

• Directors