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Questions in economics

[Sagot para sa’yo] What does marginal cost refer to in economics? A. The total cost of all products B. The cost of producing one additional unit C. The amount paid for raw materials D. The cost of hiring new managers

[Sagot para sa’yo] What lessons can the Philippines learn from the business cycle to prepare for future economic downturns?

[Sagot para sa’yo] What was a major reason for shifting from gold standard to inconvertible fiat money? A. Gold was not shiny enough B. Gold was too rare for jewelry C. Gold limited the growth of the economy D. Gold encouraged inflation

[Sagot para sa’yo] What happens during deflation?

[Sagot para sa’yo] Which measure includes both checking accounts and savings accounts? A. M0 B. M1 C. M2 D. M3

[Sagot para sa’yo] What are the dangers of hyperinflation? Use a historical example to support your answer.

[Sagot para sa’yo] Ano ang ibig sabihin ng black market?

[Sagot para sa’yo] What happens in a liquidity trap?

[Sagot para sa’yo] Ano ang ibig sabihin ng monopoly? Magbigay ng halimbawa sa Pilipinas.

[Sagot para sa’yo] What inflation index excludes food and energy prices?