BRIC?

Quiz time:

1. BRIC stands for:
a) Britain, Romania, Italy, Chile
b) British Resident Identity Card
c) Brazil, Russia, India, China
d) Don't know

2. In Dec, US has a strong employment rate and falling oil price. If this continues, what will the Fed most probably do?
a) Interest rate to go up
b) Interest rate to go down
c) Interest rate will stay to support the growth
d) Don't know


This quiz is on globalization and general economics (more on the macro side). Answers:
1) c
BRIC stands for the emerging countries: Brazil, Russia, India, China. The characteristics of these countries are relatively low income per capita, flourishing economies, large pool of talents, governments are encouraging foreign direct investments, and a lot of potential customers. If you don't know this term, you aren't tuning in to the globalization wave.


2) a
The Fed will rev up the interbank loan interest rate to suppress spending, and thus to prevent the economy from overheating.