Question: 7 "Japan cut its economic view for the first time in four months as a surge in COVID-19 cases disrupted manufa

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Question 7 Japan Cut Its Economic View For The First Time In Four Months As A Surge In Covid 19 Cases Disrupted Manufa 1 (46.48 KiB) Viewed 19 times

Question: 7 "Japan cut its economic view for the first time in four months as a surge in COVID-19 cases disrupted manufacturers global supply chains and dampened consumer confidence. In a monthly assessment approved by the cabinet on Thursday, the government pointed to domestic and overseas virus situations as evident downside risks to the country's economic recovery." Source: https://www.reuters.com/world/asia-paci ... -due-covid revival-2021-09-16/ Accessed: 14/10/21 Japan's economic recovery can be aggregated and measured in terms of three major economic flows. These are: a. income, spending and saving. b. spending, production and saving. c. income, saving and production. d. income, spending and production. Question 8 "Consumption in Vietnam could grow by US$130 billion over the next decade as Asia continues to be the world's consumption growth engine, Vietnam News Agency (VNA) quoted a new report from McKinsey. Source: https://www.thestar.com.mylaseanplus/as ... er-markets expected-to-grow-by-us130-billion-over-next-10-years Accessed: 14/10/21 In the simple circular flow of economic activity, goods, and services flow via: a. factor markets to goods markets. b. goods markets from households to firms. c. factor markets from firms to households. d. goods markets from firms to households. Question 9 U.S. consumer prices increased solidly in September as Americans paid more for food, rent and a range of other goods, putting pressure on the Biden administration to urgently resolve strained supply chains, which are hampering economic growth. Source: https://www.reuters.com/world/uslus-con ... 2021-10-13 Accessed: 14/10/21 By definition, demand is the quantity of goods.... a. desired by consumers. b. ordered by consumers in a particular period. c. consumers are willing and able to buy at particular prices in a certain period. d. that consumers want to buy