Difference between revisions of "AY Honors/Basic Economics/Answer Key"

From Pathfinder Wiki
< AY Honors‎ | Basic EconomicsAY Honors/Basic Economics/Answer Key
m (Jomegat bot moved page AY Honor Basic Economics Answer Key to AY Honor Basic Economics Answer Key: Bot: Moved page)
(Bot: Automated import of articles *** existing text overwritten ***)
Line 12: Line 12:
 
|insignia=Notions of Economy.png}}
 
|insignia=Notions of Economy.png}}
  
−
==1. What is economics and how does it directly affect our lives?== <!--T:2-->
 
  
−
==2. Define:== <!--T:3-->
+
<noinclude></translate></noinclude>
 +
<section begin="Body" />
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=1}}
 +
<noinclude><translate></noinclude>
 +
<!-- 1. What is economics and how does it directly affect our lives? -->
  
−
===a. Macroeconomics=== <!--T:4-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 1 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=2}}
 +
<noinclude><translate></noinclude>
 +
<!-- 2. Define: -->
  
−
===b. Microeconomics=== <!--T:5-->
+
<noinclude></translate></noinclude>
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=2a}} <!--T:4-->
 +
<noinclude><translate></noinclude>
  
−
==3. Define the following economy measures and know the most recent data for your country:== <!--T:6-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 2a -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=2b}} <!--T:5-->
 +
<noinclude><translate></noinclude>
  
−
===a. Exchange rate=== <!--T:7-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 2b -->
 +
{{CloseReq}} <!-- 2 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3}}
 +
<noinclude><translate></noinclude>
 +
<!-- 3. Define the following economy measures and know the most recent data for your country: -->
  
−
===b. Gross domestic prodcuct=== <!--T:8-->
+
<noinclude></translate></noinclude>
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3a}} <!--T:7-->
 +
<noinclude><translate></noinclude>
  
−
===c. Median income=== <!--T:9-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3a -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3b}} <!--T:8-->
 +
<noinclude><translate></noinclude>
  
−
===d. Gross national product=== <!--T:10-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3b -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3c}} <!--T:9-->
 +
<noinclude><translate></noinclude>
  
−
===e. Interest rate=== <!--T:11-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3c -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3d}} <!--T:10-->
 +
<noinclude><translate></noinclude>
  
−
===f. External debt=== <!--T:12-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3d -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3e}} <!--T:11-->
 +
<noinclude><translate></noinclude>
  
−
===g. Inflation rate=== <!--T:13-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3e -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3f}} <!--T:12-->
 +
<noinclude><translate></noinclude>
  
−
===h. Unemployment=== <!--T:14-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3f -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3g}} <!--T:13-->
 +
<noinclude><translate></noinclude>
  
−
===i. Balance of trade=== <!--T:15-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3g -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3h}} <!--T:14-->
 +
<noinclude><translate></noinclude>
 +
 
 +
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3h -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=3i}} <!--T:15-->
 +
<noinclude><translate></noinclude>
  
−
==4. Know the history of world economy and which economic model is adopted by your country.== <!--T:16-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 3i -->
 +
{{CloseReq}} <!-- 3 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=4}}
 +
<noinclude><translate></noinclude>
 +
<!-- 4. Know the history of world economy and which economic model is adopted by your country. -->
  
−
==5. Know the following economic theories:== <!--T:17-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 4 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=5}}
 +
<noinclude><translate></noinclude>
 +
<!-- 5. Know the following economic theories: -->
  
−
===a. Classical economoics=== <!--T:18-->
+
<noinclude></translate></noinclude>
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=5a}} <!--T:18-->
 +
<noinclude><translate></noinclude>
  
−
===b. Marxian economics=== <!--T:19-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 5a -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=5b}} <!--T:19-->
 +
<noinclude><translate></noinclude>
  
−
===c. Neoclassical economics=== <!--T:20-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 5b -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=5c}} <!--T:20-->
 +
<noinclude><translate></noinclude>
  
−
===d. Keynesian economics=== <!--T:21-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 5c -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=5d}} <!--T:21-->
 +
<noinclude><translate></noinclude>
  
−
==6. Know the economic cycles facing your country.== <!--T:22-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 5d -->
 +
{{CloseReq}} <!-- 5 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=6}}
 +
<noinclude><translate></noinclude>
 +
<!-- 6. Know the economic cycles facing your country. -->
  
−
==7. Describe the direct relationship between economics and politics.== <!--T:23-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 6 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=7}}
 +
<noinclude><translate></noinclude>
 +
<!-- 7. Describe the direct relationship between economics and politics. -->
  
−
==8. Know how your country's economy is structured.== <!--T:24-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 7 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=8}}
 +
<noinclude><translate></noinclude>
 +
<!-- 8. Know how your country's economy is structured. -->
  
−
==9. Know how the economy of a country can affect the delay or progress of the preaching of the gospel.== <!--T:25-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 8 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=9}}
 +
<noinclude><translate></noinclude>
 +
<!-- 9. Know how the economy of a country can affect the delay or progress of the preaching of the gospel. -->
  
−
==10. Describe at least three biblical records of economic activities.== <!--T:26-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 9 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=10}}
 +
<noinclude><translate></noinclude>
 +
<!-- 10. Describe at least three biblical records of economic activities. -->
  
−
==11. Complete one of the following activities:== <!--T:27-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 10 -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=11}}
 +
<noinclude><translate></noinclude>
 +
<!-- 11. Complete one of the following activities: -->
  
−
===a. Visit a stock exchange and know how it works.=== <!--T:28-->
+
<noinclude></translate></noinclude>
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=11a}} <!--T:28-->
 +
<noinclude><translate></noinclude>
  
−
===b. Interview an economist or administrator and describe how they can assist with the economic principles of the club/unit.=== <!--T:29-->
+
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 11a -->
 +
{{ansreq|page={{#titleparts:{{PAGENAME}}|2|1}}|num=11b}} <!--T:29-->
 +
<noinclude><translate></noinclude>
  
 +
<noinclude></translate></noinclude>
 +
{{CloseReq}} <!-- 11b -->
 +
{{CloseReq}} <!-- 11 -->
 +
<noinclude><translate></noinclude>
 
==References== <!--T:30-->
 
==References== <!--T:30-->
 
[[Category:Adventist Youth Honors Answer Book|{{SUBPAGENAME}}]]
 
[[Category:Adventist Youth Honors Answer Book|{{SUBPAGENAME}}]]
 
<noinclude></translate></noinclude>
 
<noinclude></translate></noinclude>
 +
<section end="Body" />

Revision as of 03:59, 31 December 2020

Other languages:
English • ‎español • ‎português do Brasil



Basic Economics

Approval authority:
Category:
Skill Level:
Year of Introduction:
Basic Economy AY Honor.png

Contents




1

What is economics and how does it directly affect our lives?



2

Define:



2a

Macroeconomics



2b

Microeconomics




3

Define the following economy measures and know the most recent data for your country:



3a

Exchange rate



3b

Gross domestic product



3c

Median income



3d

Gross national product



3e

Interest rate



3f

External debt



3g

Inflation rate



3h

Unemployment



3i

Balance of trade




4

Know the history of world economy and which economic model is adopted by your country.



5

Know the following economic theories:



5a

Classical economics



5b

Marxian economics



5c

Neoclassical economics



5d

Keynesian economics




6

Know the economic cycles facing your country.



7

Describe the direct relationship between economics and politics.



8

Know how your country's economy is structured.



9

Know how the economy of a country can affect the delay or progress of the preaching of the gospel.



10

Describe at least three biblical records of economic activities.



11

Complete one of the following activities:



11a

Visit a stock exchange and know how it works.



11b

Interview an economist or administrator and describe how they can assist with the economic principles of the club/unit.





References


Retrieved from "https://wiki-pathfindersonline.designerthan.at/index.php?title=AY_Honors/Basic_Economics/Answer_Key&oldid=306001"