Which trade bloc consists of Iceland, Liechtenstein, Norway, and Switzerland?
Answer
European Free Trade Association
32309 Easy Trivia Questions
32309 public questions at this depth. How many can you answer?
Which Chinese port is the world's busiest container port?
Answer
Shanghai
Which country is the world's largest importer of goods?
Answer
United States
What is the term for a bank-guaranteed payment document in international trade?
Answer
Letter of credit
Which country is the world's largest exporter of crude oil?
Answer
Saudi Arabia
Which strait is a major chokepoint for oil shipments from the Persian Gulf?
Answer
Strait of Hormuz
Which organization sets rules for international trade?
Answer
World Trade Organization
Which currency is most commonly used in international trade?
Answer
US dollar
What is the term for a tax on imported goods?
Answer
Tariff
What is the name of the canal that connects the Atlantic and Pacific Oceans?
Answer
Panama Canal
What is the name of the index that tracks changes in prices received by domestic producers for their output?
Answer
Producer Price Index
Which U.S. government agency calculates the Gross Domestic Product?
Answer
Bureau of Economic Analysis
Which U.S. government agency publishes the monthly unemployment rate?
Answer
Bureau of Labor Statistics
What is the term for a general increase in prices over time?
Answer
Inflation
To what does 'the Fed' commonly refer in U.S. economic policy?
Answer
The Federal Reserve
What does the acronym 'CPI' stand for in economic indicators?
Answer
Consumer Price Index
What ratio compares a country's public debt to its annual economic output?
Answer
Debt-to-GDP ratio
What is the term for a country's economic output divided by its population?
Answer
GDP per capita
What term refers to the overall inflation rate including all items such as food and energy?
Answer
Headline inflation
What is the term for extremely rapid and out-of-control inflation?
Answer
Hyperinflation
What is the term for the alternating periods of economic expansion and contraction?
Answer
Business cycle
What percentage of the civilian noninstitutional population is either working or actively looking for work?
Answer
Labor force participation rate
Which Federal Reserve index measures the real output of U.S. manufacturing, mining, and utilities?
Answer
Industrial Production Index
Which monthly index from the Conference Board measures U.S. consumers' confidence in the economy?
Answer
Consumer Confidence Index (CCI)
Which U.S. government agency is the principal source of labor market statistics, including the unemployment rate?
Answer
Bureau of Labor Statistics
What does the abbreviation PPP stand for when comparing the relative value of currencies?
Answer
Purchasing Power Parity
Which central bank in the United States is responsible for conducting monetary policy?
Answer
Federal Reserve
What is the name for the percentage of the labor force that is jobless and actively seeking work?
Answer
Unemployment rate
What does the abbreviation GDP stand for in economics?
Answer
Gross Domestic Product
Which Swiss bank was acquired by UBS in 2023?
Answer
Credit Suisse