Farm escape room BoP

Bop ESCAPE ROOM

Help on the farm with daily chore

start

Chickens and their eggs

Collect chicken eggs for each correct answer

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question 1/4

what is expenditure switching policy?

designed to change the relative prices of exports and imports

designed for tariffs on imports to become bans

Collect

switch governmnet spending into supply side policy.

question 2/4

what is expenditure reducing policy

reduce government spending

Collect

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

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

question 3/4

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

to reduce a current account deficit or surplus

to reduce a current account deficit

Collect

to reduce a current account surplus

question 4/4

what is the balance of payments and what is its compomnets

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

Collect

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

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

Well done! Happy chickens

Cluck, Cluck...

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

decrease in tax, prices lower, more exports

increase in government spending, increase AD, more imports

Milking

increase in interest rates, less AD, less imports

QUESTION 2/4

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

Milking

increase credit regulations

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

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

question 3/4

What is the financial account

The net GDP of the financial sector

Milking

Records the amount of investments made by banks

Records transactions that involve financial assets

question 4/4

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

decrease in interest rates less people invest

Milking

more governmnet spending

more money put into the bank for financial services

Well done! Happy cows

Mmoooo...

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?

Captital account

current account

Shearing

financial account

question 2/4

what category is net balance in FDI in?

Capital account

Shearing

current account

financial account

question 3/4

which category is net secondary income in?

current account

Shearing

financial account

Capital account

question 4/4

what is the capital account

amount of capital in a country currently

records all international sales and purchases of assets

Shearing

a record of how much money is spent of purchasing capital

Well done! Happy sheep

Beeeehehe...

continue

All right, daily chores done!

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FInalize

CONGRATULATIONS!

start over?

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

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