💰 Finance & Commerce

Economics basics

Supply and demand, elasticity, GDP, inflation and trade — the core model and what it does and doesn't explain.

8questions

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Question 1 of 8

Opportunity cost is:

Question 2 of 8

If demand is price inelastic, a price rise causes:

Question 3 of 8

GDP measures:

Question 4 of 8

Inflation is best described as:

Question 5 of 8

A central bank raising interest rates generally aims to:

Question 6 of 8

Comparative advantage says two countries gain from trade when:

Question 7 of 8

A public good is:

Question 8 of 8

A negative externality means:

0/8 answered

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