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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. Workers' compensation

2. Indexing

3. Incentive Effect

4. FDIC

5. transactions demand

6. What does monetary policy deal with?

7. MODERN TRADE THEORIES?

8. Real Deficit

9. indirect effect of an increase in the money supply

10. Economic Growth

11. Output gap (Y* − Y)

12. Nash equilibrium

13. Expansionary monetary policy

14. Appreciation

15. Price Signaling

16. Perhaps the most common political argument for government intervention into the free flow of trade is that

17. Revaluation

18. Policy reaction function

19. Total Cost

20. Fed Funds

21. Average labor productivity

22. Function of the Federal Reserve System #4

23. average propensity to save (APS)

24. Three problems with the CPI

25. Unit of Account

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