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LOS a: Describe how structural economic changes (e.g., demographics, technology, politics, and regulation) may affect industries.
Q1. Which of the following is the best example of a structural change as opposed to a cyclical change?
A) The average age of consumers increasing.
B) The European Central Bank raises interest rates to ward off inflation.
C) Increased spending from an increase in consumer confidence.
Q2. When the government reallocates spending based upon a decision to promote new and developing industries, this would be categorized as:
A) monetary policy.
B) a structural change.
C) a cyclical change.
Q3. Technological changes are most likely to result in which of the following effects? Evolving technology is likely to result in changes in:
A) educational curriculum and the relative demand for various products.
B) educational curriculum only.
C) the relative demand for various products only.
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发表于 2009-3-2 14:34
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