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Thursday, 20 August 2015

JUMIA #BACKTOSCHOOL ECONOMICS QUIZ

#JumiaBackToSchool Economics Quiz! 

Ready for school? Answer these questions to WIN a cool prize. ANSWER, LIKE, SHARE, CLICK >>>http://bit.ly/back2skl

1. The CPI in 2000 is 100 and the CPI in 2008 is 110, there has been: A. slight inflation B. Stagflation
2. YED for an inferior good is always: A. Negative B. Positive C. >1
3. Which of the following is not a component of demand? A. Investment B. Transfer payment. C. Exports
4. What is the alternative name for Consumer Price Index (CPI)? A. Mundel Index B. Laspeyres Index
5.Who introduced the concept of 'Permanent Income Hypothesis'? A. Irving Fisher B. Milton Friedman C. Keynes.
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