Difference between revisions of "AY Honors/Basic Economics/Answer Key"
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< AY Honors | Basic EconomicsAY Honors/Basic Economics/Answer Key
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| − | ==1. What is economics and how does it directly affect our lives?== | + | ==1. What is economics and how does it directly affect our lives?== <!--T:2--> |
| − | ==2. Define:== | + | ==2. Define:== <!--T:3--> |
| − | ===a. Macroeconomics=== | + | ===a. Macroeconomics=== <!--T:4--> |
| − | ===b. Microeconomics=== | + | ===b. Microeconomics=== <!--T:5--> |
| − | ==3. Define the following economy measures and know the most recent data for your country:== | + | ==3. Define the following economy measures and know the most recent data for your country:== <!--T:6--> |
| − | ===a. Exchange rate=== | + | ===a. Exchange rate=== <!--T:7--> |
| − | ===b. Gross domestic prodcuct=== | + | ===b. Gross domestic prodcuct=== <!--T:8--> |
| − | ===c. Median income=== | + | ===c. Median income=== <!--T:9--> |
| − | ===d. Gross national product=== | + | ===d. Gross national product=== <!--T:10--> |
| − | ===e. Interest rate=== | + | ===e. Interest rate=== <!--T:11--> |
| − | ===f. External debt=== | + | ===f. External debt=== <!--T:12--> |
| − | ===g. Inflation rate=== | + | ===g. Inflation rate=== <!--T:13--> |
| − | ===h. Unemployment=== | + | ===h. Unemployment=== <!--T:14--> |
| − | ===i. Balance of trade=== | + | ===i. Balance of trade=== <!--T:15--> |
| − | ==4. Know the history of world economy and which economic model is adopted by your country.== | + | ==4. Know the history of world economy and which economic model is adopted by your country.== <!--T:16--> |
| − | ==5. Know the following economic theories:== | + | ==5. Know the following economic theories:== <!--T:17--> |
| − | ===a. Classical economoics=== | + | ===a. Classical economoics=== <!--T:18--> |
| − | ===b. Marxian economics=== | + | ===b. Marxian economics=== <!--T:19--> |
| − | ===c. Neoclassical economics=== | + | ===c. Neoclassical economics=== <!--T:20--> |
| − | ===d. Keynesian economics=== | + | ===d. Keynesian economics=== <!--T:21--> |
| − | ==6. Know the economic cycles faced your country.== | + | ==6. Know the economic cycles faced your country.== <!--T:22--> |
| − | ==7. Describe the direct relationship between economics and politics.== | + | ==7. Describe the direct relationship between economics and politics.== <!--T:23--> |
| − | ==8. Know how your country's economy is structured.== | + | ==8. Know how your country's economy is structured.== <!--T:24--> |
| − | ==9. Know how the economy of a country can affect the delay or progress of the preaching of the gospel.== | + | ==9. Know how the economy of a country can affect the delay or progress of the preaching of the gospel.== <!--T:25--> |
| − | ==10. Describe at least three biblical records of economic activities.== | + | ==10. Describe at least three biblical records of economic activities.== <!--T:26--> |
| − | ==11. Complete one of the following activities:== | + | ==11. Complete one of the following activities:== <!--T:27--> |
| − | ===a. Visit a stock exchange and know how it works.=== | + | ===a. Visit a stock exchange and know how it works.=== <!--T:28--> |
| − | ===b. Interview an economist or administrator and describe how they can assist with the economic principles of the club/unit.=== | + | ===b. Interview an economist or administrator and describe how they can assist with the economic principles of the club/unit.=== <!--T:29--> |
| − | ==References== | + | ==References== <!--T:30--> |
[[Category:Adventist Youth Honors Answer Book|{{SUBPAGENAME}}]] | [[Category:Adventist Youth Honors Answer Book|{{SUBPAGENAME}}]] | ||
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Revision as of 14:49, 8 August 2018
