APPLIED ECONOMICS ASSESSMENT

The availability of disposable income influences spending habits.

• TRUE

• FALSE

Unskilled occupations receive a higher pay.

• TRUE

• FALSE

A society that has a less educated population flourishes.

• TRUE

• FALSE

The ability of customers to buy a product that a business offers depends on their income.

• TRUE

• FALSE

If disposable income increases, customers are likely to purchase expensive items.

• TRUE

• FALSE

The scope of interactions with customer is influenced by their education level.

• TRUE

• FALSE

Skilled occupations receive a high-salary.

• TRUE

• FALSE

The types of occupation dictate the education level of individuals in the society.

• TRUE

• FALSE

Income determines the availability of skilled workers when looking for employees.

• TRUE

• FALSE

When income is sufficient, customers tend to limit their spending to essential items.

• TRUE

• FALSE