World Economy
- Which one of the following curves is a graphical representation of the relationship between unemployment and the job vacancy rate ?
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A Beveridge curve, or UV-curve, is a graphical representation of the relationship between unemployment and the job vacancy rate (the number of unfilled jobs expressed as a proportion of the labour force). It typically has vacancies on the vertical axis and unemployment on the horizontal. The curve is named after William Beveridge and it is hyperbolic shaped.
Correct Option: C
A Beveridge curve, or UV-curve, is a graphical representation of the relationship between unemployment and the job vacancy rate (the number of unfilled jobs expressed as a proportion of the labour force). It typically has vacancies on the vertical axis and unemployment on the horizontal. The curve is named after William Beveridge and it is hyperbolic shaped.
- The largest tax collected at the federal government level is the :
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income tax
Correct Option: A
income tax
- In which one of these countries do less than 10% say national economic conditions are good ?
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Greece
Correct Option: B
Greece
- If the actual unemployment rate is below the natural rate of unemployment, it would be expected that :
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the rate of inflation would increase
Correct Option: A
the rate of inflation would increase
- What is happening with the import of Chinese toys in India?
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Indian consumers are getting more choice at cheaper rates.
Correct Option: C
Indian consumers are getting more choice at cheaper rates.
