Question

Answer this multiple choice questions
Answer
Question 1

Comer Prue Indes communes change average

Lantes of goals and

Question 4

B. price of Labour

De price of goods and

Lably determined by sevenstars, which includes age composition, nunder of hours, mumber of huus worked and als

A height of workers.

C wage rate of workers

Question S

Isthmcity of workers D. gndet of workers.

Due to the LNG project, more people were employed. As a mauh, Phiti had a high inflation in 2014 Which type of inflation is described above?

A Demand Pull inflation

C. Exce-Supply inflation

Question 6

18. Cast-Push inflation

D. Imported inflation

man-made resoutom

D. natural resources

Land, labour, capital and employment are known as society's

A. financial and capital investment

C. factors of production

Question 7

The Philip's Curve illustrates that the opportunity cost of increasing inflation in an noomomy is

A. deterioration in the terms of trade

Cexchange rate depreciation

Question 8

Buying power or purchasing power refers to the

A power of a fixed sum of money

B. balance of payment deficit.

D. increasing in the level of employmani

B number of transaction that a fixed sum of money can make

C quantity theory of money

D. number of goods that a fixed suun of money can buy

Question 9

Which of the following options will address cost-push inflation througls fiscal policy?

A. Increase payroll tax

C. Decrease personal interest rate

Question 10

Cost-Push inflation is caused by

A change in the cost of imported goods.

Cincrease in the cost of production.

Question 11

B. Increase business subsidies

D. Reduce minimum wage

B. excess demand

D. consumer taste

Which of the following examples do not fall into category of labour force?

A. A recent economics graduate applying for a job in treasury department.

B. A grade 10 drop out looking for a job in Port Moresby.

CA recent grade 12 graduate who decides to baby-sit her small suster

D. A 15 year old boy employed as a casual in TST Supermarket
Answered by GPT 3.5
Sure, please provide the questions.
Answered by GPT 3.5
1. B. price of Labour

5. A. Demand Pull inflation

6. C. factors of production

7. C. exchange rate depreciation

8. D. number of goods that a fixed sum of money can buy

9. C. Decrease personal interest rate

10. C. increase in the cost of production

11. D. consumer taste