This bingo card has 25 words: Member countries of a trading bloc agree to A .trade together with low or no barriers B. have the same rate of income tax C. only trade with members within the bloc D.have common borders between members, What is meant by the term exports?, Explain the impact of an increase in taxation on consumers, Draw a diagram to show economic cycle indicating boom , recovery,recession and downturn., Vietnam's GDP per capita was $2590 in 2018 and $2715 in 2019.Calculate, to two decimal places, the percentage increase in GDP per capita between 2018 and 2019. You are advised to show your working., What is the main cause of frictional unemployment? A. People choosing not to work B .People having the wrong skills C .People changing jobs D. People employed at certain times of the year, What is meant by the term infant industries?, Explain the impact of an increase in government expenditure on the economy., Draw a diagram to show a decrease in quota for a country., In August 2019 Inter Milan, an Italian football club, paid £73m to Manchester United for the transfer of footballer Romelu Lukaku. The exchange rate was £1 = €1.08. Calculate the price Inter Milan paid in euros (€) for the transfer of Romelu Lukaku, What term refers to a firm or country selling an export below the cost of production? A. Quotas B .Dumping C. Deregulation D. Tariffs, What is meant by the term fiscal policy?, Explain the impact of a cut in interest rate on current account balance., Draw a diagram to show the impact on the electric car market if a subsidy given to electric car industry., The government revenue for Estonia in 2018 was €m8119601 and government expenditure was €m8197243. Calculate in €m the fiscal surplus/deficit for Estonia in 2018. You are advised to show your working., The International Labour Organisation (ILO) measures A .inflation B .unemployment C .economic growth D .government spending, What is meant by the term supply-side policy?, Explain the trade-off between low unemployment and low inflation., Draw a diagram to show impact on market for Euros against pounds when interest rate in Eurozone countries is reduced and becomes lower than UK., Calculate, to two decimal places, the rate of unemployment for a country which has a labour force of 72 million of which 8 million are unemployed. You are advised to show your working., Which one of the following terms may refer to someone having a lower standard of living in comparison to the average person in society? A. Absolute poverty B Income distribution C. Relative poverty D .Poverty trap, What is meant by the term trade-off?, Explain how the subsidies can be used to protect the environment., Draw a diagram to show impact on market for Euros against pounds when people in Eurozone speculate pounds might be more expensive in the future. and Consumer Price Index (CPI) was 130.4 in 2017 and it increased to 140.3 in 2018. Calculate, to two decimal places, the rate of inflation in 2018. You are advised to show your working..
Business Studies Review | WSTA01 (fall 2025) | Business Studies Review | Business Studies Review | Year 10 Economics
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