Podcast
Questions and Answers
What inspired Keynes to write about Macroeconomics in the 1930s?
What inspired Keynes to write about Macroeconomics in the 1930s?
- The increase in domestic investment expenditure
- The success of developing countries
- The Great Depression's impact on developed economies (correct)
- The rise of capitalist enterprises
In a capitalist economy, who are the major players according to the text?
In a capitalist economy, who are the major players according to the text?
- Government, external sector, and firms
- Foreign investors, households, and firms
- Entrepreneurs, government, and households
- Households, firms, government, and external sector (correct)
Which sector is considered the fourth important sector in Macroeconomics?
Which sector is considered the fourth important sector in Macroeconomics?
- Government
- Households
- External sector (correct)
- Firms
In terms of international trade, what are considered the two kinds of trade that a country can engage in?
In terms of international trade, what are considered the two kinds of trade that a country can engage in?
How does the rest of the world affect a domestic economy apart from trade?
How does the rest of the world affect a domestic economy apart from trade?
Which concept is used to describe factors like land and capital in economics?
Which concept is used to describe factors like land and capital in economics?
What is the term used for entities like households, firms, and government in economics?
What is the term used for entities like households, firms, and government in economics?
Which type of country is focused on generating revenue primarily through businesses and investments?
Which type of country is focused on generating revenue primarily through businesses and investments?
'Macroeconomics sees an economy as a combination of four sectors'. Which of the following is NOT one of those sectors?
'Macroeconomics sees an economy as a combination of four sectors'. Which of the following is NOT one of those sectors?
'Capital from foreign countries may flow into the domestic country'. What does this flow of capital represent?
'Capital from foreign countries may flow into the domestic country'. What does this flow of capital represent?
