Economy

1

Which best describes 'market price'?

2

What is the most likely cause of an increase in demand?

3

What is the most likely cause of an increase in supply?

4

What does an interest rate cut usually mean?

5

Which of the following is a tax on company profits?

6

What does a fall in the value of the pound mean?

7

What is a recession?

8

A jumper is made in the UK and sold in the USA. To the American economy, what is this an example of?

9

Which of the following is a tax on imports?

10

What happens to the value of the pound when the exchange rate goes up?