Economic issues - the business cycle, unemployment, taxation – Practice 1

 

Choose the correct answer:
  1. “I get frustrated at work when you have to get permission to spend anything over 50 CZK. I don't like  and bureaucracy”.
  2. Making false declarations is called  and is obviously illegal.
  3. If you inherit a lot of money, you  for capital transfer tax.
  4. As temperatures rise, the  for air-conditioning units increases.
  5. I work in a bank as a risk manager, while my husband is a hairdresser. This means that we are both working in the
  6. “I work with a traveling circus in the summer, but it's just closed for the winter.” This is an example of:
  7. Multinational companies often set up their head offices in low-tax countries such as Liechtenstein, Monaco, the Cayman Islands, and the Bahamas, known as 
  8. The  came in 1999 when the Russian economy crashed and the rouble devalued and the real wages went down rapidly.
  9. Choose the odd one out: 
  10. The total wealth earned or created in a country in a year is: