Q8 of 2281_w17_qp_12

Question 8

Question 8 of 30

You can solve this MCQ to see its answer, but your attempt won't be logged unless you login

No letter options?

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

3. Microeconomic decision...

3.2. Households

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

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.

4. Government and the mac...

4.7. Employment and unemployment

The nature and causes of changes in the pattern of employment, for example increase in proportion of workers employed in the tertiary sector and formal economy as an economy develops; a greater proportion of women in the labour force due to changes in social attitudes; decline in the proportion employed in the public sector as a country moves towards a market economy.