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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. 45 degree reference line

2. Financial Intermediary

3. Equilibrium Wage

4. Completely Elastic Demand

5. Cartel

6. Autarky

7. Capital inflows

8. Contractionary Monetary Policy

9. Closed Shop

10. average propensity to save (APS)

11. Monitoring Costs

12. Proportional income tax

13. Who is most affected by per unit taxes?

14. '''Government Action'' in Porter's Theory?'

15. An alleged example of __ occurred in 1997, when two Korean manufacturers of semiconductors, LG Semicon and Hyundai Electronics, were accused of selling dynamic random access memory chips in the U.S. market at below unit delivered cost to market.

16. bank runs

17. Accounting profit

18. Supplemental Security Income (SSI)

19. Benefit Budget

20. Robert Reich's suggestion about the global economy?

21. asset utilization ratio?

22. Price taker

23. Internal Debt

24. Shortage

25. Total expenditure

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