What does the ‘Where to Be Born Index’ measure?

Family life, Health, Community Life, Political stability

What are the 4 measurements of living standards?

GDP, Better life Index, Happy Index, Quality of life index

curriculum that teaches students to excel in advanced jobs

What are the four economic performance indicators

Inflation, unemployment, GDP, Exchange Rate

How can businesses benefit from understanding consumer behaviour?

Can create messages that attract the target audience.

Which of the following can be defined as consumers?

Individuals, groups or organizations

What are soft skills?

Identify social interactions in relationships with others

Which of the following is the best explanation of standard of living?

A measure of the total wealth of a country.

What Is a Consumer Market?

A system that allows us to purchase goods, and services.

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Questions 21

Answers

1
What is an area Australia specialises in?
Mining
Manufacturing
Effective workforces
AFL
2
What does the ‘Where to Be Born Index’ measure?
Family life, Health, Community Life, Political stability
Financial Health, Job availability, Divorce rates, Wage.
Inflation Rates.
Monetary and non-monetary funds
3
What are the 4 measurements of living standards?
Employment rates, Comparative advantage, WPI, GDP
Job Security, Income, Education, Life Expectancy
GDP, Better life Index, Happy Index, Quality of life index
Inflation, GDP, Material Comfort, Employment rates
4
Which of these is NOT an internal factor on a consumer decision?
Price
Personal
Cultural
Social
5
Which of the following formulas is used to measures GDP:
C+ E+ B
C+B+G (I-E)
U-G
C+ B+ G(E-I)
6
What does the better life index measure?
Life in a non-material scene
Inequality of a country
Peoples perception of life
Life in a material sense
7
Which of the following is not an internal influence / factor
gender
sources of income
culture
8
Stem is…
curriculum that teaches students to excel in advanced jobs
A school that provides students with practical work
A subject that people can do
Helps deprived people perform in their education
9
Which of the following is not an external factor?
Religion
Age
Occupation
Family
10
How do you measure standard of living?
GDP
Inflation
WPI
CPI
11
What are the four economic performance indicators
Unemployment, CPI, GDP, inflation
Unemployment, consumer decisions, opp cost, cost benefit
GDP, CPI, WPI Exchange rate
Inflation, unemployment, GDP, Exchange Rate
12
Which is not a soft skill or capability?
Mechanical support
Self-Confidence
Good Communication
Time Management
13
Which industry has been taken over by automation the most in the past 25 years
Tradies
Labourers
Machinery workers
Secretaries
14
Which of these is not an external factor
Personal preference
Price
Culture
Supply
15
How can businesses benefit from understanding consumer behaviour?
Can watch for good ideas in the marketplace.
Can alter the colours in the ads to match what people like.
Can create messages that attract the target audience.
They can negotiate better advertising budgets.
16
Which of the following can be defined as consumers?
Individuals, groups or organizations
Only families making decisions for their household?
Only Individuals who make purchases for themselves?
Only organisations making purchase decisions as a team?
17
What are soft skills?
Are unimportant and are not required for a job
Identify social interactions in relationships with others
Are taught to be effectively used in the workforce
Concern the structural/technical aspect of working
18
Which of the following is the best explanation of standard of living?
A measure of the total health of a country.
A measure of the total wealth of a country.
The measure of the net worth of a country.
19
What Is a Consumer Market?
A system that allows us to purchase goods, and services.
enables us to spend more money on the things we want
where u let people decided what happens to your money
A consumer market is a massive shop for meat eaters
20
Which theory is also known as Keynesian theory?
Classical economics
Interventionist economics
21
Which country has the highest standard of living
China
Finland
Australia
France

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