Unformatted text preview: Economics in the News 14 September 2009 Questions 1. The Leader of British Trade Unions has argued that Britain faces a "doubledip" recession if future governments try to slash public sector jobs. Who is he? ( )Bob Crow ( )Brendan Barber ( )Arthur Scargill ( )Jack Trades 2. The United States government this week announced a 35% rise in the tariff applied to imports of which product from China? ( )Prawns ( )Shoes ( )iPods ( )Tyres 3. Match the following people with their current role Choice Ben Bernanke Timothy Geithner Bob Diamond Mervyn King Bernie Madoff Match Chairman of the US Federal Reserve Governor of the Bank of England Jailbird Obama's Treasury Secretary President of Barclays 4. Which music streaming service made its debut on Apple's iPhone? ( )Spotify ( )Hitstream ( )Limewire ( )Digital Coldplay 5. Which business announced it would allow advertisers to target its millions of users for the first time, as it looks to find a way of making money? ( )ITV.com ( )UK Statistics Agency ( )Twitter ( )BBC news web site http://www.tutor2u.net/blog/index.php/economics 6. Gold rose above $1,000 per ounce this week. People in which country purchase 25 per cent of the world's gold every year? ( )Russia ( )India ( )China ( )United States 7. Directors of Britain's top companies secured an average 23% increase in pension payouts in 2008 despite many of their firms suffering steep falls in profits. What is the average annual pension for these Directors? ( )250,000 ( )150,000 ( )400,000 ( )60,000 8. The FTSE 100 hit a new high for the year after a wave of positive news on the UK economy and rising expectations over potential mergers and acquisitions. The FTSE100 measures the ( )The largest 100 listed companies by market capitalisation ( )The 100 companies with shares in the Financial Times ( )The 100 most profitable UK businesses ( )The 100 businesses covered in Robert Peston's blog 9. This summer, the Swedish central bank the Riksbank became the first western European central bank to? ( )Leave the Euro Zone and reintroduce their old currency ( )Put a 'use by date' on their banknotes ( )Be taken over by a Chinese bank ( )Cut policy interest rates below zero 10. In South Africa, a test showed what was faster than the country's broadband Internet performance? ( )Smoke signals ( )A cheetah ( )Carrier Pigeon ( )FedEx http://www.tutor2u.net/blog/index.php/economics Answers 1 Brendan Barber 2 Tyres 3 Choice Ben Bernanke Timothy Geithner Bob Diamond Mervyn King Bernie Madoff 4 Spotify 5 Twitter 6 India 7 250,000 8 The largest 100 listed companies by market capitalisation 9 Cut policy interest rates below zero 10 Carrier Pigeon Match Chairman of the US Federal Reserve Obama's Treasury Secretary President of Barclays Governor of the Bank of England Jailbird http://www.tutor2u.net/blog/index.php/economics ...
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- Bank of England, Ben Bernanke Timothy Geithner Bob Diamond Mervyn King Bernie Madoff, Mervyn King Bernie, Bernanke Timothy Geithner, Ben Bernanke Timothy, Diamond Mervyn King