Question 1
What is meant by rule of law?
A.
Reducing red tape to lower costs. B.
Transport/digital networks raise capacity. C.
Confidence for investment. D.
Labour force size and age structure.
Question 2
What is meant by demographics?
A.
Labour force size and age structure. B.
Skills and education raising productivity. C.
Sudden adverse shift in SRAS/LRAS. D.
Reducing red tape to lower costs.
Question 3
What is meant by supply shock?
A.
Technology, investment, education, migration, regulation. B.
Wages, raw materials, taxes, productivity, exchange rate. C.
Confidence for investment. D.
Sudden adverse shift in SRAS/LRAS.
Question 4
What is meant by sras shift factors?
A.
Sudden adverse shift in SRAS/LRAS. B.
Reducing red tape to lower costs. C.
Transport/digital networks raise capacity. D.
Wages, raw materials, taxes, productivity, exchange rate.
Question 5
What is meant by infrastructure?
A.
Technology, investment, education, migration, regulation. B.
Skills and education raising productivity. C.
Labour force size and age structure. D.
Transport/digital networks raise capacity.
Question 6
Education and training mainly shift:
A.
CPI basket B.
AD left only C.
Only imports D.
LRAS to the right
Question 7
Higher oil prices are a:
A.
Trade surplus B.
Demand-pull stimulus C.
Fiscal surplus D.
Negative supply shock
Question 8
Supply-side policies aim to:
A.
Increase productive capacity B.
Fix exchange rate C.
Reduce exports only D.
Eliminate fiscal policy
Question 9
What is meant by lras shift factors?
A.
Technology, investment, education, migration, regulation. B.
Skills and education raising productivity. C.
Reducing red tape to lower costs. D.
Sudden adverse shift in SRAS/LRAS.
Question 10
A rise in corporation tax may:
A.
Shift SRAS left B.
Shift AD right only C.
Increase exports automatically D.
Eliminate unemployment
Back to practice 