Beyond the Bike – The Economic Cycle Quiz! Stuart Block [email protected].

Beyond the Bike – The Economic Cycle Quiz!

Stuart Block

[email protected]

1. Education is best seen as what type of policy?

2. Jim O’Neil, pictured here in summer 2011, is chief economist of Goldman Sachs. He coined the term BRICs. What does this stand for?

3. There were 20 women on the side of this Zambian road, all selling similar tomatoes at the same price… what type of market structure would best describe this?

4. Joseph, a Somali based in Tanzania, got these dollars from a cousin working in Washington. What do we call such payments in the Balance of Payments?

5. What type of economic efficiency is being enhanced by developments such as mobile banking in Kenya?

6. This man is on the MPC in Uganda. Inflation is currently 30% in Uganda. What is the real interest you get with a Crane bank account?

7. South Sudan is Africa’s …….. country. It is also one of the poorest! You could get 3 Sudanese Pounds for 1 Pound sterling. What is the EUR;SS£ exchange rate?

8. These men were off to dig for gold in the desert in Sudan. If you formed all of the gold ever mined into a Cuboid, how long would each side measure?

9. Israel is the no 1 recipient of US foreign Aid. Which country is no 2 (clue in photo)

10. This picture was taken in Athens Airports. If Greece leaves the euro, which countries will be under most pressure to leave afterwards if this occurs & why ?

Discussion Points - How might technology

help boosted economic development in Africa.

They say life is cheap in Africa. Here our support truck lies written off on the side of a South Africa Road. How do economists put a value on Life?

Beyond the Bike

Stuart Block

[email protected]