| Hint | Answer |
|---|
| Investment by a MNC long term investment in another country investment in productive capacity in another country investment in another country representing at least 10% ownership. | |
| imposed by the government (or an authority), set above the equilibrium (market) price, price cannot fall below this price | |
| A market in which resource allocation (or price and/or output) is determined by one of the following:demand and supply price mechanism producers and cons | |
| The control of the supply of money by the central bank to affectthe economy (e.g. changing interest rates, changing reserve requirements buying and selling bonds) | |
| A firm involved in foreign direct investment (FDI); a firm that is based in one country (the home country) and that undertakes investments in another country (the host country). | |
| An explanation that it is when a country can produce a product at a lower opportunity cost than another country. | |
| Indicates the various quantities of a good that consumers (or a consumer) are willing and able to buy at different possible prices during a particular time period,ceteris paribus | |
| (XED) A measure of the responsiveness of the demand for one good to a change in the price of another good; measured by the percentage change in the quantity of one good demanded di | |
| The value of the next best alternative that must be given up or sacrificed in order to obtain something else. | |
| An increase in the value (or price) of one currency in terms of another in a floating exchange rate system (due to the forces of supply and demand). | |
| Decreases in the average costs of production that occur as a firm increases its output by varying all its inputs (i.e. in the long run). | |
| Improve maternal health combat HIV/AIDS Malaria, and other diseases Ensure environmental sustainability Develop a Global Partnership for Development | |
| Any kind of arrangement where buyers and sellers of a particular good, service or resource are linked together to carry out an exchange. | |
| Any policy based on government intervention | |
| An inability to invest in (physical, human or natural) capital due to low savings, forming a self-perpetuating cycle | |
| The part of an economy that is neither taxed, nor monitored by any form of govt. Unlike the formal economy, activities of the informal economy are not included in the GNP & GDP | |
| Occurs when the current account balance has a positive value, meaning that credits are larger than debits (there is an excess of credits). | |
| An explanation that it is an increase in output (real GDP) over time. | |
| The amount of unemployment in an economy, expressed as a %, calculated by taking the total number of unemployed people in an economy and / by the labour force, & * by 100. | |
| When countries give money to international organizations such as the World Bank, the IMF, and UNICEF. The international organization is then responsible for delivering the aid. | |
| small number of firms in the industry; firms have significant control over price; firms are interdependent; products may be differentiated or homogeneous; high barriers to entry. | |
| Manipulations by the government of its own expenditures and taxes in order to influence the level of aggregate demand; it is a type ofdemand- side policy | |
| Money given by government to firms and one of the following: to lower their costs of production. to increase output of a desired product - to reduce imports | |
| Result of technological changes & changing patterns of demand (causing changes in demand for labour skills), as well as changes in the location of jobs, & labour market rigidities | |
| expenditure/spending by firms on capital | |
