Labour demand for dental assistants would increase if:

demand for dentist services increase

Which could be a weakness of the Human Development Index as a measure of economic development?

Developing countries have difficulties measuring GNI

Which of the following statements could be true for Country B?

The high life expectancy reflects a good health system.

The supply of labour is likely to increase if:

The government increases the pension age

Which of the following is not an example of foreign aid?

An Australian firm expanding its business into Afghanistan

Which is not an advantage of having multinational companies operating in developing countries?

Their profits may not be reinvested in the host country.

Which transaction would NOT appear on the Current Account:

BHP Billiton QLD sells coal to Origin Energy Australia

Which is not generally regarded as a strategy to promote economic growth and development?

Increasing protectionist policies by wealthy countries

Which of the following people would be classified by the ABS as unemployed:

A redundant worker expecting to start again next week.

Australia's net foreign debt is likely to increase if:

the household savings rate decreases

The World Bank’s main criterion for classifying economies is:

Gross National Income per capita.

Which of the following would increase the value of $AUD?

More foreign debt accumulated by the government

A depreciation of the $AUD is likely to result in:

An increase in the inflation rate

Over-population is a significant problem for low-income countries because:

It places strain on health infrastructure such as hospitals

Which of the following statements is not true for Country A?

Country A has a low HDI because of overpopulation.

Low savings and investment can contribute to poverty. Which is not a reason why?

Lack of savings available for the gov't to buy military tech

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Economics Unit 2 Revision

25 termsStudBud Administration331 plays

Covering concepts in VCE Economics Unit 2, Unemployment, Population & Change, Developing Economics, International Relations

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Questions 25

Answers

1
Which of the following is not a feature of developing countries?
A large proportion of the labour force employed in farming
A prevalence of undernourishment
A large and ageing population
A lack of adequate infrastructure
2
Labour demand for dental assistants would increase if:
demand for dentist services increase
the price of dental equipment increased
wages paid to dental assistants increased
wage paid to receptionists increased
3
Which could be a weakness of the Human Development Index as a measure of economic development?
It gives a rank that can be used to determineaid priorities
It takes into account living standards,health and education
It allows for international comparisons of living standards
Developing countries have difficulties measuring GNI
4
Which of the following statements could be true for Country B?
The high life expectancy reflects a good health system.
A large proportion of the population is well educated.
Country A is an upper-middle-income country.
High GDP per capita is the reason for Country A’s high HDI.
5
Net Overseas Migration (NOM) is equal to:
emigration minus immigration
immigration minus emigration
birth rate minus death rate
immigration minus birth rate
6
The supply of labour is likely to increase if:
There is an increase in the number of people retiring
The government cuts immigration targets
The government increases the pension age
There is an increase in school retention rates
7
Material living standards ultimately depend upon:
inflation rate
growth in real income
rate of productivity growth
interest rates
8
Which of the following is not an example of foreign aid?
Aus Gov't paying for farm equipment in Afghanistan
An Australian firm expanding its business into Afghanistan
Aus Gov't giving the Afghan gov't a loan for infrastructure
World Vision sending workers to Afghanistan to build schools
9
Which is not an advantage of having multinational companies operating in developing countries?
They bring an inflow of capital into developing countries.
They generate employment in developing countries.
Their profits may not be reinvested in the host country.
Multinational companies often bring with them expertise
10
Which transaction would NOT appear on the Current Account:
JB Hi Fi buys TVs from Japanese suppliers
NAB pays interest on overseas debt
Foreign aid is paid by Oxfam Australia to Indonesia
BHP Billiton QLD sells coal to Origin Energy Australia
11
Which is not generally regarded as a strategy to promote economic growth and development?
Measures that help to reduce government debt
Increasing protectionist policies by wealthy countries
Infrastructure such as sewerage systems, hospitals and power
Promote political democracy, rule of law and property rights
12
Which of the following people would be classified by the ABS as unemployed:
A redundant worker expecting to start again next week.
A carpenter on holidays
A house husband
Part-time nurse who wants to work more hours
13
Australia's net foreign debt is likely to increase if:
The Australian Gov't achieves a budget surplus
The value of the $AUD appreciates
the US goes into a prolonged recession
the household savings rate decreases
14
The government's budget deficit is likely to increase with:
ageing Australian population
increase in labour productivity
increasing Australian population
decreasing unemployment rates
15
The World Bank’s main criterion for classifying economies is:
Gross National Income per capita.
Gross National Expenditure per capita.
Gross Domestic Product per capita.
Gross National Product per capita.
16
Which of the following would increase the value of $AUD?
More foreign debt accumulated by the government
Increase in overseas travel by Australians
Repayment of interest on overseas loans
The provision of foreign aid
17
A reduction in tariffs on imported cars is likely to:
all of the above
decrease the inflation rate in Australia
Promote increased competition in the auto industry
worsen the current account balance in the short run
18
A depreciation of the $AUD is likely to result in:
a worsening of the current account
All of the above
a decrease in the rate of economic growth
An increase in the inflation rate
19
With an ageing population, which equilibrium price is likely to increase?
Nike trainers
Medical Equipment
Coca-Cola
Apple watches
20
The biggest contributor to Australia's population growth in the last 10 years has been:
a reduction in the number of deaths
refugees
skilled immigration
an increase in the birth rate
21
Over-population is a significant problem for low-income countries because:
It places strain on health infrastructure such as hospitals
Provides numerous potential consumers for corporations.
There is potential for tax revenue from the under-employed.
It causes movement of citizens to cities in search of jobs
22
Which of the following statements is not true for Country A?
Country A is a low-income country.
Country A has a low HDI because of overpopulation.
Country A could be a war-torn developing country.
Country A has a low HDI because of low health and education.
23
Low savings and investment can contribute to poverty. Which is not a reason why?
Limited funds are available for infrastructure & services
Limited funds for new businesses to commence operations
Loan costs are too high for business to invest in machinery
Lack of savings available for the gov't to buy military tech
24
Aggregate supply policies are generally designed to:
Increase Australia's International competitiveness
All of the above
increase productivity
expand Australia's productive capacity
25
Cyclical Unemployment in Australia may be caused by:
a depreciation of the Australian Dollar
a recession in China
an increase in Australia's average rainfall
a decrease in the cost of computer technology

Economics Unit 2 Revision Flashcards | StudBud