Farm escape room BoP

Bop ESCAPE ROOM

Help on the farm with daily chore

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Chickens and their eggs

Collect chicken eggs for each correct answer

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Collect

question 1/4

what is expenditure switching policy?

switch governmnet spending into supply side policy.

designed for tariffs on imports to become bans

designed to change the relative prices of exports and imports

Collect

question 2/4

what is expenditure reducing policy

designed to lower real incomes and AD so demand for imported product decrease

designed to increase real incomes and AD so demand for domestic products increase

reduce government spending

question 3/4

when is supply side policy used to help balance the current account

Collect

to reduce a current account surplus

to reduce a current account deficit

to reduce a current account deficit or surplus

question 4/4

what is the balance of payments and what is its compomnets

Collect

how money flows arround the economy, current account, capital account and banking account

record all the transactions between a country and the rest of the world, current account, capital account and financial account

the amount of aid a country gives compared to the amount of aid they recieve.

Cluck, Cluck...

Well done! Happy chickens

continue

Cows and their milk

Milk the cows for each correct answer

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QUESTION 1/4

how does a use of fiscal policy help reduce a current account deficit

Milking

decrease in tax, prices lower, more exports

increase in interest rates, less AD, less imports

increase in government spending, increase AD, more imports

QUESTION 2/4

how does a use of monetary policy help to reduce a current account deficit ?

Milking

increase spending on education, more skilled and productive labour, more AD, more exports

decrease interest rates, more AD, more businesses, more exports

increase credit regulations

question 3/4

What is the financial account

Milking

Records transactions that involve financial assets

Records the amount of investments made by banks

The net GDP of the financial sector

question 4/4

if there is a financial account surplus what policies can be used.

Milking

decrease in interest rates less people invest

more money put into the bank for financial services

more governmnet spending

Mmoooo...

Well done! Happy cows

continue

Pigs and their food

Feed the pigs for each correct answer

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Sheep and their wool

Shearing sheep wool for each correct answer

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question 1/4

which catergory is copyright in?

Shearing

Captital account

current account

financial account

question 2/4

what category is net balance in FDI in?

Shearing

financial account

current account

Capital account

question 3/4

which category is net secondary income in?

Shearing

Capital account

financial account

current account

question 4/4

what is the capital account

Shearing

a record of how much money is spent of purchasing capital

records all international sales and purchases of assets

amount of capital in a country currently

Beeeehehe...

Well done! Happy sheep

continue

All right, daily chores done!

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FInalize

CONGRATULATIONS!

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It got dark and you haven't finished your daily chores!

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