Mid-term_test_preparation

1. What is the Poverty Line in the EU?
2. What is the effect of increasing the interest rate on savings, consumption, currency value, imports and exports?
3. Give examples of Direct and Indirect taxes
4. Give examples of Progressive and Regressive taxes
5. Why would someone brick-up their windows?
6. What is a Tax Burden?
7. What type of tax systems would you expect in neo-liberal and socialist countries?
8. What is measured by the Gini index?
9. What is a weakness of GDP?
10. What is the HDI?
11. When do we tax taxes?
12. Why is elasticity normally negative?
13. E= -2. Sales 100. I reduce the price by 10%. What are the new sales?
14. If tobacco smoking's elasticity is -0.6, what happens to government revenue if the tobacco price is increased by 10%?
15. Why is export risk linked to a country's currency value?
16. What happens to currency value when the Interest Rate goes down?
17. What is the Multiplier Effect?
18. What is the Marginal Propensity to Consume?
19. What is the Marginal Propensity to Save?
20. How do you 'Boil the Frog'?
21.What is Income Elasticity?
22. What is Cross Elasticity?
23. What is Positive Elasticity?
24. Why is elasticity an important concept related to import and export risk?
25. What is a 'Double Whammy?
26. What does it mean if my PPP is 80? (or 0.8)
27. What is International inequality?
28. What is Intranational inequality?
29. What is Geographical inequality?
30. What is different in government spending in a neo-liberal and socialist country?
31. What is a Sovereign Default?
32. What is IMF Restructuring?
33. How does a country 'borrow' money?
34. What is the purpose of a rating agency?