In a developing nation people start to obtain good jobs Then inflation cuts their income the people begin to feel_________________?

Related Mcqs:

1. The middle- and low-income nation are located mostly in_______________?

   A. the southern regions of the world
   B. the North-South Axis
   C. the northern regions of the world
   D. the North and South Pole

2. Disposable income is the part of households income left after the deduction of ?

   A. income tax and social security payments
   B. taxes and the addition of benefits
   C. income tax
   D. contractual payments such as pensions and mortgages

3. When did the United States government begin to function as a cohesive unit ?

   A. At the signing of the Declaration of Independence
   B. After the Constitutional Convention of 1788
   C. At the Inauguration of George Washington in 1789
   D. Both B and C

4. The first European people to form a nation were is________________?

   A. Scots
   B. Picts
   C. Slavs
   D. English

5. What percentage of the earth’s people live in low-income areas ?

   A. 10%
   B. 35%
   C. 56%
   D. 5%

6. What percentage of the earth’s people live in high-income areas ?

   A. 50%
   B. 15%
   C. 45%
   D. 3%

7. According to the quantity theory of money an increase in the money supply is most likely to lead to inflation if ?

   A. The velocity of circulation decrease
   B. The number of transaction decrease
   C. There is deflation
   D. The velocity of circulation and the number of transactions is constant

8. Inflation results when_________________?

   A. demand exceeds supply
   B. supply exceed demand
   C. there is control of purchasing power
   D. consumers have no purchasing power

9. The government can curb excessive aggregate demand(inflation)by_________________?

   A. decreasing taxes on consumers
   B. increasing spending
   C. decreasing taxes on firms
   D. none of the above

10. The decline of unskilled factory jobs has increased black unemployment The situation is a result of______________?

    A. structural discrimination
    B. individual discrimination
    C. nature of life
    D. personal discrimination