22-23 Quiz
Economic Growth and Social Mobility Quiz
Test your knowledge on the relationship between economic growth and income inequality, as well as other key social mobility factors. This quiz comprises 5 carefully crafted questions designed to challenge your understanding of economics.
- Explore various aspects of taxation and its impact on consumption.
- Understand the implications of minimum wage laws.
- Learn about social mobility and its requirements.
1. Economic growth is __________ with poor income inequality.
Lower
Higher
The same
2. What type of tax would be levied on the purchase of a boat?
Luxury
Wealth
Indirect
Corporate
What is one thing NOT needed to have social mobility?
Education
Healthcare
Infrastructure
Minimum wages result in __________ for those employed.
Higher levels of unemployment and higher standards of living
Lower standards of living
Higher levels of unemployment and higher standards of living
Lower levels of unemployment and lower standards of living
_______ income leads to a fall in standards of living.
Low
High
Median
Excessive
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