In a Labor market which of the following will most likely shift demand to the left?

Fall in price of product they produce.

What is disposable Income?

Personal income after taxes are deducted.

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IGCSE Economics Unit 3

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Questions 12

Answers

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

IGCSE Economics Unit 3 Flashcards | StudBud