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.
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Labor is considered ______ because it cannot be stored or postponed.
Labor is considered ______ because it cannot be stored or postponed.
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The capacity or efficiency of labor is not ______.
The capacity or efficiency of labor is not ______.
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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.
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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.
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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.
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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.
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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.
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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.
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