A) Gross Domestic Product
B) Global Distribution Process
C) Growth and Development Protocol
D) General Data Point

A) Gini coefficient
B) GDP
C) Income distribution ratio
D) Palma ratio

A) A composite statistic of life expectancy, education, and per capita income indicators
B) A measure of human height distribution in a country
C) A measurement of individual happiness levels
D) An index tracking animal species diversity

A) The state of unequal access to social and economic resources
B) Equal distribution of wealth among all citizens
C) The government control of all economic activities
D) The lack of personal responsibility for one's life

A) The movement of financial markets
B) The transfer of wealth generation to generation
C) The ability of an individual to improve their economic status over time
D) The rate at which money changes hands within an economy

A) The number of people receiving government assistance
B) The ratio of employed vs. retired individuals
C) The percentage of people who are unemployed and actively seeking jobs
D) The amount of money people must pay for not working

A) Overflow
B) Surplus
C) Abundance
D) Scarcity

A) Economic growth is a government policy, while economic development is a business strategy
B) Economic growth is a short-term increase in profits, while economic development is the long-term sustainability of an economy
C) Economic growth only focuses on industry growth, while economic development includes social welfare
D) Economic growth is an increase in the output of goods and services in a country, while economic development includes improvement in living standards, infrastructure, and overall well-being

A) Perfect Competition
B) Monopoly
C) Oligopoly
D) Monopsony

A) Specialization
B) Absolute Advantage
C) Comparative Advantage
D) Marginal Utility

A) The relationship between labor and leisure choices
B) The relationship between tax rates and tax revenue
C) The impact of inflation on interest rates
D) The choice between public and private goods

A) Interest Rate
B) Unemployment Rate
C) Gini Coefficient
D) Savings Rate

A) Socioeconomics
B) Game theory
C) Embeddedness
D) Utility maximisation

A) Fred L. Block
B) Amitai Etzioni
C) Paul DiMaggio
D) Jens Beckert

A) The difference in earnings between men and women in the workforce
B) The average wage of both genders
C) The additional pay women receive for equal work
D) The same pay for the same job regardless of gender

A) Elasticity
B) Surplus
C) Equilibrium
D) Scarcity

A) Patrick McGuire
B) James S. Coleman
C) Ronald Shamir
D) Mark Granovetter

A) Mathematical analysis
B) Utility maximisation
C) Political economy/sociology
D) Game theory

A) Paula England
B) Fred L. Block
C) Chuck Sabel
D) Donald Angus MacKenzie

A) Gary Becker
B) Karl Polanyi
C) Mark Granovetter
D) Donald Angus MacKenzie

A) Journal of Economic Behavior & Organization
B) American Sociological Review
C) The Socio-Economic Review
D) Economic Sociology and Political Economy

A) Structural holes
B) Embeddedness
C) Commodity fetishism
D) Strength of weak ties

A) Feudalism
B) Capitalism
C) Socialism
D) Communism

A) Max Weber
B) William Stanley Jevons
C) Georg Simmel
D) Émile Durkheim

A) When a country produces goods or services at a lower opportunity cost than other countries
B) The measure of how much a product is demanded in comparison to others
C) The advantage a monopoly has over other firms
D) The ability to compare prices of similar products in different countries

A) Outsourcing
B) Offshoring
C) Downsizing
D) Shutdown

A) Profit Margin
B) Trade Balance
C) Budget Deficit
D) National Debt

A) Federal Discount Interest Calculator
B) Financial Data and Information Center
C) Federal Deposit Insurance Corporation
D) Foreign Direct Investment Certificate

A) Max Weber
B) Georg Simmel
C) Émile Durkheim
D) Karl Marx

A) Stagflation
B) Inflation
C) Recession
D) Deflation

A) 2011
B) 1985
C) 2001
D) 1999

A) Consumer Price Index
B) Corporate Profit Indicator
C) Cost per Item
D) Consumption and Production Index