Choices: Future Implications and Underlying Economic Factors (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are consumer goods primarily designed to do?
What are consumer goods primarily designed to do?
Immediately satisfy needs and wants
What is the main purpose of capital goods?
What is the main purpose of capital goods?
Used for production of other goods
What must an economy sacrifice to produce more capital goods?
What must an economy sacrifice to produce more capital goods?
Some consumer goods
What long-term benefit comes from focusing on capital goods production?
What long-term benefit comes from focusing on capital goods production?
Higher economic growth
How much more do graduates earn than those with only high school qualifications?
How much more do graduates earn than those with only high school qualifications?
Around 50% more
What percentage of university graduates secured full-time employment in 2018?
What percentage of university graduates secured full-time employment in 2018?
72.9%
What percentage of new jobs by 2023 were forecast to require post-school qualifications?
What percentage of new jobs by 2023 were forecast to require post-school qualifications?
90%
Which factor influences individual saving vs spending decisions?
Which factor influences individual saving vs spending decisions?
Income level and age
How do governments discourage smoking without prohibiting it?
How do governments discourage smoking without prohibiting it?
Tax cigarettes heavily
What proportion has private health insurance coverage after government incentives?
What proportion has private health insurance coverage after government incentives?
45% of the population