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WorksheetsChapter 3: Applied Economics
Total questions: 10
Worksheet time: 8mins
The following are factors that affect labor supply, EXCEPT ONE:
the number of workers
qualifications
government policies
productivity
The relationship between exchange rate and supply for currency is
direct
inverse
there is no relationship
cannot be determined
If we pay more Ph peso for one US dollar, it means the peso
appreciated
depreciated
became more valuable
none of the above
The difference of housing from other commodities is that
it can be resold
it takes time to produce
both A and B
neither A nor B
The supply for housing is
downward sloping
upward sloping
horizontal
vertical
The higher the cost of a house
the higher the demand
the lower the demand
the price does not affect the demand
none of the above
The lower the cost of a house
the higher the supply
the lower the supply
the price does not affect the supply
none of the above
If the population increases, the price of housing becomes
lower
higher
the same
cannot be determined
The rate of this type of tax is 20 percent.
excise tax
value-added-tax
income tax
proportional tax
In this tax, the interest rate is 30 percent.
excise tax
value-added-tax
income tax
proportional tax
