MA Day 1st sem. intro

We are now at

• School for Economics

• Main Trade School

• Warsaw Economics University

• Warsaw School of Economics

Which economic system is characterized by private ownership of resources?

• Socialism

• Capitalism

• Communism

• Feudalism

If we talk about 'gospodarka' in English we use

• economics

• economy

• economic

• economist

What is the missing preposition?
The demand ___ our products is very high at the moment.

GDP stands for

What is the term for the total value of all goods and services produced in a country in a given year?

• Gross Domestic Product

• Net National Product

• Gross National Income

• Consumer Price Index

Sources of capital for companies could be

• a loan

• business angels

• a subsidy

• Initial Public Offering (IPO)

What is the term for a sustained increase in the general price level of goods and services?

• Deflation

• Inflation

• Stagnation

• Recession

What is the primary purpose of a central bank?

• To regulate the stock market

• To control inflation

• To manage public debt

• To provide loans to individuals

The biggest UK index of 100 companies listed on the London Stock Exchange is

• DOW

• CAC

• DAX

• FTSE