Podcast
Questions and Answers
What occurs when someone is willing to work but does not have a paid job?
What occurs when someone is willing to work but does not have a paid job?
- Unemployment (correct)
- Underemployment
- Employment
- Labor Supply
What is one of the effects of a weak peso on domestic tourists?
What is one of the effects of a weak peso on domestic tourists?
- They can travel abroad at a lower cost
- Inflation decreases
- They need more pesos to buy dollars (correct)
- The government reduces their debt
What is the condition in which workers are employed in less than full-time or regular jobs?
What is the condition in which workers are employed in less than full-time or regular jobs?
- Underemployment (correct)
- Labor Supply
- Unemployment
- Employment
What accounts for roughly 30% of the workforce and about 14% of GDP in the Philippines?
What accounts for roughly 30% of the workforce and about 14% of GDP in the Philippines?
What happens to the pump-prices of gasoline and other petroleum products when the peso depreciates?
What happens to the pump-prices of gasoline and other petroleum products when the peso depreciates?
What is one of the benefits of a weak peso for exporters and OFWs?
What is one of the benefits of a weak peso for exporters and OFWs?
When the quantity demanded changes a lot when prices change a little, a product is said to be?
When the quantity demanded changes a lot when prices change a little, a product is said to be?
According to George Bernard Shaw, what is the root of all virtue?
According to George Bernard Shaw, what is the root of all virtue?
What type of economy is the Philippines transitioning to?
What type of economy is the Philippines transitioning to?
What is one of the effects of a weak peso on foreign tourists visiting the Philippines?
What is one of the effects of a weak peso on foreign tourists visiting the Philippines?
What is the primary purpose of labor laws and regulations?
What is the primary purpose of labor laws and regulations?
What is one of the effects of a weak peso on the government?
What is one of the effects of a weak peso on the government?
