mcq review多项选择题回顾.pptx

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mcq review多项选择题回顾.pptx

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MCQReviewAS2013

9708/01October/November2006Q26Whatisnotapossiblecauseofcost-pushinflation?Aanincreaseinfirms’profitmarginsBanincreaseinthesupplyofmoneyCanincreaseintradeunionpowerDanincreaseinworldoilprices

9708/01October/November2006Q26AnincreaseinworldoilpricesshouldleadtoariseincostsformanycompaniesasoilisessentialinproductionandtransportationsoDisnottheanswerAnincreaseintradeunionpowermeansworkersareinastrongerpositiontodemandandgethigherpayorbetterworkingconditions.Thisisdefinitelyacauseofcost-pushinflation

9708/01October/November2006Q26AandBarehardertodetermine:Anincreaseinafirm’sprofitmarginsmeansthatentrepreneurswantmoreprofit.Asnormalprofitisapartofthecostofproductiontheimportantpointhereistoreadthequestioncarefully.Profitmarginsrise,NOTcostsofproductionfall!SoAisapotentialcauseofcost-pushinflation

9708/01October/November2006Q26Bistheanswer:Ifthemoneysupplyincreases,thismeansthereismoremoneychasingthesamenumberofgoods.Thismeansthatpriceswillriseasdemandshiftsright.

9708/01October/November2006;Q4Whichcharacteristicofmoneyisessential,ifitistobeusedasamediumofexchange?AItmustbedurable.BItmustbelegaltender.CItmustbelimitedinsupply.DItmusthaveintrinsicvalue.

9708/01October/November2006;Q4Arelatestothefunction“storeofvalue”Brequiresthat‘money’isdeterminedbyGovernmentFiat.Thatis,thegovernmentsayswhatismoney.Drequiresthatmoneyhavevaluebuiltintoit,likegoldcoins.Thisisdifferenttogovernmentfiatmoney.Money’svalueisderivedfromthematerialofwhichitismade,sothematerialitselfismoney!Ciscorrect,becauseifmoneywasnotscarce,everyonewouldberichandthepriceofeverythingwouldhavetorise.Thisisthebasisofmonetarism.

9708/01October/November2006;Q13Whatisnotcorrectwh