Question 19
Question 19 of 30
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Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
4. Government and the mac...
4.8. Inflation and deflation

The consequences of inflation and deflation for consumers, workers, savers, lenders, firms and the economy as a whole.

3. Microeconomic decision...
3.3. Workers

How changes in demand and supply, relative bargaining strengths, discrimination and government policy can all influence differences in earnings between workers whether they are: skilled/unskilled; primary/secondary/tertiary; male/female; private sector/public sector. Definition, drawing and interpretation of diagrams that illustrate the effects of changes in demand and supply in the labour market.

3. Microeconomic decision...
3.2. Households

Including income, the rate of interest and confidence – between different households and over time.