2.10 Cost-of-Living Crisis Quiz

What does the article suggest about the Cost-of-Living Crisis?

• It is a temporary economic anomaly that will soon end.

• It has evolved into a persistent, structural feature of society.

• It is mainly caused by government policies.

• It is unrelated to global economic trends.

What organization conducted the Cost of Living in NSW research?

• Australian Bureau of Statistics

• NSW Department of Finance

• Institute of Public Policy and Governance, University of Technology Sydney

• Reserve Bank of Australia

What is the title of the report based on the NSW cost-of-living research?

• Surviving the Crisis: Economic Challenges in NSW

• Barely Hanging On: The Cost-of-Living Crisis in NSW

• The Future of Affordability in NSW

• Economic Resilience in NSW

What is the “Meta Crisis” as described in the article?

• A financial crisis caused by poor economic policies.

• The intersection of finance, technology, and climate change.

• A political movement advocating for higher wages.

• A short-term economic downturn.

Who is Daniel Schmachtenberger?

• A political leader advocating for wage growth.

• A scientist researching renewable energy.

• A founder of the Civilization Research Institute and an expert on the meta-crisis.

• The head of the Reserve Bank of Australia.

What factor is NOT mentioned as a cause of the cost-of-living crisis?

• Slow wage growth compared to inflation

• Disruptions in global supply chains

• A lack of technological advancements

• Rising real estate prices

How have central banks responded to inflation, according to the article?

• Lowering interest rates to boost spending

• Raising interest rates to control inflation

• Printing more money to increase liquidity

• Reducing taxes to encourage consumer spending

How does the rise of AI impact job markets?

• It increases employment opportunities in all sectors.

• It reduces automation in low-skilled industries.

• It displaces workers in some sectors while increasing productivity.

• It has no significant impact on labor markets.

Which of the following is NOT listed as a consequence of climate change in the article?

• Increased frequency of extreme weather events

• Higher insurance costs

• Lower energy consumption worldwide

• Rising costs of food and water

What global temperature rise threshold is considered a critical tipping point under the Paris Agreement?

• 1°C

• 1.5°C

• 2°C

• 3°C