13602737
Descripción
Test por Annalise Watson, actualizado hace más de 1 año
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Creado por Annalise Watson
hace casi 6 años
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Pregunta 1
Pregunta
The unemployment [blank_start]rate[blank_end] is the [blank_start]percentage[blank_end] of Australians who are above the age of [blank_start]15[blank_end], and are able and [blank_start]willing[blank_end] to begin working but are not.
Respuesta
-
percentage
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15
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willing
-
rate
Pregunta 2
Pregunta
Select the yearly Australian unemployment target rate.
Respuesta
-
2-3%
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1%
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5%
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14%
Pregunta 3
Pregunta
Choose the best reason as to why the target unemployment rate is not 0%
Respuesta
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Because they don't feel like it
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Because 0% unemployment limits economic growth
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Because some people like not working and we should respect that
Pregunta 4
Pregunta
[blank_start]Cyclical[blank_end] unemployment occurs during [blank_start]downturns[blank_end] of the business cycle, when workers lose their employment positions because of these [blank_start]losses[blank_end]. An example of this would be when waiters or steel workers get [blank_start]fired[blank_end] due to a [blank_start]recession[blank_end] in sales.
Respuesta
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Cyclical
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Frictional
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Seasonal
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General
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downturns
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upturns
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successes
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losses
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gainz
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successful times
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recession
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increase
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large increase
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fired
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promoted
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engaged
Pregunta 5
Pregunta
Underemployment occurs when someone gets demoted.
Respuesta
- True
- False
Pregunta 6
Pregunta
Choose the best reason as to why the underemployment rate might be higher than the unemployment rate at any one point in time.
Respuesta
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People like working to be busy and it gives them a sense of purpose
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People need to earn money to survive, so will be employed regardless of whether their job is using their skills the best
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It sounds better to say that you have a job, rather than being unemployed until you find a job that best uses your skills
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SOCIETAL PRESSURE
Pregunta 7
Pregunta
What is the best reason that could explain the yOuTH uNEmPLoYmEnT cRiSiS (there's two answers)
Respuesta
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young people cbb to contribute to society in a positive way bc these damn millennials are so entitled
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we're all just lazy
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many entry-level jobs have been automated and replaced the need for inexperienced people to complete them
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why work wHeN nEtfLIX eXisTs
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wifi duh
Pregunta 8
Pregunta
which of these is not a form of unemployment
Respuesta
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structural
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cyclical
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general
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physical
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frictional
Pregunta 9
Pregunta
what are the three basic economic questions
Respuesta
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who buys the things
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what is the thing
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how do we make the things
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why do we make the things
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how much is the thing going to cost
Pregunta 10
Pregunta
a list of the economic systems, in order of where the government has the most control - least control: [blank_start]planned socialist[blank_end], planned capitalist, [blank_start]market socialist[blank_end], [blank_start]market capitalist[blank_end], [blank_start]subsistence[blank_end]
Respuesta
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planned socialist
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market socialist
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subsistence
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market socialist
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planned socialist
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market capitalist
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market capitalist
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planned socialist
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subsistence
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market socialist
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subsistence
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planned socialist
-
planned capitalist
Pregunta 11
Pregunta
planned capitalist has the most government intervention of all the economic systems
Respuesta
- True
- False
Pregunta 12
Pregunta
choose the best reasons as to why economists measure GDP
Respuesta
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because they're bored and it sounds cool
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because they want to monitor the growth output of an economy over a period of time
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economists measure GDP because it is a good indicator of how a government is controlling their economy
Pregunta 13
Pregunta
the annual Australian GDP target is [blank_start]2-3[blank_end]%
Respuesta
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2-3
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2-4
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5
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4
Pregunta 14
Pregunta
identify two limitations to using GDP as a measure of economic progress in australia
Respuesta
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debts don't count toward GDP
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feeeeeeellliiiinnnggsssss don't count
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there are better, more inclusive ways to measure economic progress instead of GDP
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GDP sucks
Pregunta 15
Pregunta
[blank_start]Inflation[blank_end] is the rate at which the [blank_start]general[blank_end] level of prices for goods and services increases. It is the sustained increase in price level
Respuesta
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Inflation
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gross domestic product
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ur mum
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general
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highest
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lowest
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ideal
Pregunta 16
Pregunta
The target inflation rate in australia is 2-3% yearly
Respuesta
- True
- False
Pregunta 17
Pregunta
CPI stands for [blank_start]Consumer Price Index[blank_end], and measures the general rate at which prices increase. DFD stands for [blank_start]Domestic Final Demand[blank_end] and measures the same as CPI, however more specific to [blank_start]governments[blank_end] and businesses. CPI is specific to [blank_start]household[blank_end] expenditure.
Respuesta
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Consumer Price Index
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Current Pineapple Interest
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Currency Preventing Investment
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Domestic Final Demand
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Domestic First Demand
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Demand First Die
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governments
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consumers
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household
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apartment
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family
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