ktevimo

1. The period in the business cycle from a trough up to a peak is referred to as _____.

• bust

• inflation period

• expansion

• recession

If an Italian businessman brings investment to Da Nang city to open an Italian Pizza restaurant, in which of the following is counted for his business?

• GDP of Vietnam

• GDP of Italy

• Both A and B

• None of the above

Peter is a software engineer.  He worked for Dana Software for 5 years. He resigned from the company two months ago to find a better job.  Until now, he did not get a job yet. Peter’s unemployment can be classified as _____.

• seasonal

• frictional

• structural

• cyclical

If money supply is increased in an economy, money velocity _____.

• remains the same

• increases

• decreases

• is not relevant to money supply

The factories, machinery, technology, etc. that are necessary to sustain an industry is called _____.

• capital goods

• land resources

• labor

• technical resources

When citizens get employment, domestic income rises and households get richer, _____.

• The inflation rate may become higher

• The inflation rate may become lower

• The inflation rate may not be affected

• The deflation may occur

The unemployment wherein the workers’ skills do not match the jobs that are available for the current economy is called _____ unemployment.

• seasonal

• structural

• cyclical

• frictional

If more money is supplied to the economy, then which of the following is being used?

• Expansionary fiscal policy

• Contractionary fiscal policy

• Expansionary monetary policy

• Contractionary monetary policy

1. An amount of money, grants, or assistance given directly to firms by the government to encourage production and consumption and to encourage exports is called _____.

(a) Export subsidies

(b) Import subsidies

(c) Trade balance

(d) Export tariff

• Export subsidies

• Import subsidies

• Trade balance

• Export tariff

Government actions and policies that restrict or restrain international trade to protect local businesses and jobs from foreign competition is referred to as _____.

• Open market

• Dumping

• trade opening

• trade protectionism