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Foreign Service Officer Test (FSOT) Review: Economics
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Economics: This knowledge area encompasses an understanding of basic economic principles, as well as a general understanding of economic issues and the economic system of the United States.

Foreign Service Officer Test (FSOT) Review: Economics
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25 Questions

1. Commitment problem

2. What happens if the fed interest rate goes too high?

3. Economic rent

4. What is the effect of a rightward shift in the demand curve?

5. Capital

6. time deposit

7. investment companies

8. 'What is the effect of a ''Protectionist policy'' on the global economy?'

9. Dependent variable

10. Change in the quantity demanded

11. What kind of enterprise is any business that has productive activities in two or more countries?

12. Supplemental Security Income (SSI)

13. Net capital inflows

14. specific tariff?

15. Payoff matrix

16. FDI?

17. The consumer price index, or CPI

18. Economies of scale

19. Demand for money

20. Fed Funds

21. average propensity to save (APS)

22. what does it mean by capital intensive?

23. Rate of inflation

24. Which of the following two statements accurately reflects the trend in foreign direct investments over the past 20 years?

25. People respond to ......

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