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Effects of Contemporary Issues on Purchasing Power

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Effects of Contemporary Issues on Purchasing Power

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Questions and Answers

How can high unemployment rates negatively impact purchasing power?

By attracting foreign investments

By reducing income levels (correct)

By increasing consumer spending

By stimulating economic activities

What is a positive impact of stable and peaceful conditions on economic activities?

Reducing foreign investments

Increasing job opportunities (correct)

Deterring tourism

Encouraging political instability

How can poorly implemented government policies affect purchasing power?

Exacerbating economic challenges (correct)

Stimulating exports

Enhancing economic growth

Mitigating contemporary issues

What can global economic downturns lead to in terms of purchasing power?

Reducing overall purchasing power (B) Signup and view all the answers

Why is it important for entrepreneurs to understand the dynamics of rental costs?

To minimize the impact of high rental costs on profitability (A) Signup and view all the answers

How can remittances from overseas Filipino workers (OFWs) impact the purchasing power of families left behind?

Increase consumer spending (B) Signup and view all the answers

What is a potential negative impact of fluctuations in the exchange rate on purchasing power?

Expensive imported goods (C) Signup and view all the answers

How do higher oil prices affect the cost of goods and services?

Lead to inflation (C) Signup and view all the answers

What is a positive impact of lower unemployment rates on consumer behavior?

Increase consumer spending (D) Signup and view all the answers

How can brain drain negatively impact the economy?

Hinder economic growth (A) Signup and view all the answers