Podcast
Questions and Answers
Inflation is a general ______ in the level of prices.
Inflation is a general ______ in the level of prices.
increase
Demand-pull inflation occurs when ______ for goods and services exceeds supply.
Demand-pull inflation occurs when ______ for goods and services exceeds supply.
demand
Structural inflation occurs due to the inability of some sectors of the economy to respond immediately to ______ for goods and services.
Structural inflation occurs due to the inability of some sectors of the economy to respond immediately to ______ for goods and services.
demand
People with ______ income are gainers in an inflationary situation.
People with ______ income are gainers in an inflationary situation.
Labor is considered ______ because it cannot be stored or postponed.
Labor is considered ______ because it cannot be stored or postponed.
The capacity or efficiency of labor is not ______.
The capacity or efficiency of labor is not ______.
The objective of labor and employment includes ______ of more employment and livelihood opportunities.
The objective of labor and employment includes ______ of more employment and livelihood opportunities.
The level of standard of living where one has adequate income, free clinic, no savings, and always in debt is known as ______ standard.
The level of standard of living where one has adequate income, free clinic, no savings, and always in debt is known as ______ standard.
The ______ of an individual is one of the factors that determines the standard of living.
The ______ of an individual is one of the factors that determines the standard of living.
International trade is the trade in goods between the businessmen of one country and the businessmen of ______ country.
International trade is the trade in goods between the businessmen of one country and the businessmen of ______ country.
The industrial revolution is one of the factors that contribute to the acceleration of ______ trade.
The industrial revolution is one of the factors that contribute to the acceleration of ______ trade.
The standard of living of a family depends on the ______ of the family.
The standard of living of a family depends on the ______ of the family.
