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IGCSE Economics Unit 3 Flashcards | StudBud
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IGCSE Economics Unit 3
The Wages of Carpenters will tend to rise if____
Which IS NOT a good characteristic of money
IGCSE Economics Unit 3
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IGCSE
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Questions
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Answers
1
Which
IS NOT
a good characteristic of money
Durable
Acceptable
Unlimited amount
Easily carried
2
The Wages of Carpenters will tend to rise if____
Price of wooden products falls
Not this one.
Supply of carpenters falls
Supply of carpenters increases
3
What is defined as the supply of money in a modern economy
loans, cheques, credit
Notes and coins
Coins, Notes, Bank deposits
coins, notes, bank loans
4
In a Labor market which of the following will most likely shift demand to the left?
Less skilled workers to choose from
Increase in unemployment
Fall In wages
Fall in price of product they produce.
5
Stock Market is a Market for ____
New and second-hand shares
New issues of shares
Financial products
Stocks of goods and services
6
Which of the following does not fall under the job of the central bank.
Controlling the money supply
Making personal Loans
Managing national debt
supervising the banking system.
7
Which of the following is a non economic reason that women earn less than men.
Discrimantion
Undertake more part time work
More carrer breaks to raise children
Women may be less mobile than men
8
Supply of Labor will tend to rise if _____
Fewer Perks
Unemployment benefits rise
Holiday time is cut.
There are more skilled workers
9
A Union of musicians would fall under which type of Union
General Union.
Craft Union
Industrial Union
Labour Union
10
What is disposable Income?
Personal Income
Personal income after taxes are deducted.
taxable income
Personal Income before tax
11
Personal borrowing has increased in many countries. Which of the following explains it.
Higher real interest rates.
Interest rates are cut.
Direct taxes reduced.
Price inflation falls
12
In the Labor market, What term takes the place of price?
Supply
Jobs
Stays the the same
Wage.
