2025 – ECS1500 – ASSESSMENT 4 – Q&A
QUIZ
Assessment 4
Started on Wednesday, 23 July 2025,
State Finished
Completed Wednesday, 23 July 2025,
on
Time taken
Marks 40.00/40.00
Grade 100.00 out of 100.00
Question 1
Which of the following phases of a business cycle can follow in the sequence given?
Select one:
a.
downswing, upswing
b.
trough, upswing
c.
trough, downswing
d.
upswing, downswing
Feedback
Your answer is correct.
The sequence of the phases of the business cycle is in the following sequence:
Upswing, peak, downswing, trough. Note that an upswing will follow a trough, and
then the sequence starts again.
Therefore, the only sequence that is possible from the options are trough and
upswing.
The correct answer is: trough, upswing
1
, 2025 – ECS1500 – ASSESSMENT 4 – Q&A
Question 2
A decrease in the value of exports in the agricultural sector of the economy can take
place due to a decrease in the prices of agricultural goods.
True
False
Feedback
A decrease in the value of exports in the agricultural sector of the economy can take
place due to a decrease in the prices of agricultural goods or it can be due to a
decrease in the quantity that was produced, or a combination of these two factors.
The correct answer is 'True'.
Question 3
Conference fees are included in the producer price index.
True
False
Feedback
Your answer is correct.
The producer price index is a series of numbers (an index) showing the average
change over time in the selling price received by producers for their output, which
thereby measures the cost of production. The PPI excludes the cost of services
(such as conference fees). Therefore, this statement is not true.
The correct answer is 'False'.
Question 4
A person who becomes unemployed due to lay-offs resulting from inadequate
demand, is regarded as seasonally unemployed.
True
False
Feedback
Your answer is correct. The statement is false.
2
QUIZ
Assessment 4
Started on Wednesday, 23 July 2025,
State Finished
Completed Wednesday, 23 July 2025,
on
Time taken
Marks 40.00/40.00
Grade 100.00 out of 100.00
Question 1
Which of the following phases of a business cycle can follow in the sequence given?
Select one:
a.
downswing, upswing
b.
trough, upswing
c.
trough, downswing
d.
upswing, downswing
Feedback
Your answer is correct.
The sequence of the phases of the business cycle is in the following sequence:
Upswing, peak, downswing, trough. Note that an upswing will follow a trough, and
then the sequence starts again.
Therefore, the only sequence that is possible from the options are trough and
upswing.
The correct answer is: trough, upswing
1
, 2025 – ECS1500 – ASSESSMENT 4 – Q&A
Question 2
A decrease in the value of exports in the agricultural sector of the economy can take
place due to a decrease in the prices of agricultural goods.
True
False
Feedback
A decrease in the value of exports in the agricultural sector of the economy can take
place due to a decrease in the prices of agricultural goods or it can be due to a
decrease in the quantity that was produced, or a combination of these two factors.
The correct answer is 'True'.
Question 3
Conference fees are included in the producer price index.
True
False
Feedback
Your answer is correct.
The producer price index is a series of numbers (an index) showing the average
change over time in the selling price received by producers for their output, which
thereby measures the cost of production. The PPI excludes the cost of services
(such as conference fees). Therefore, this statement is not true.
The correct answer is 'False'.
Question 4
A person who becomes unemployed due to lay-offs resulting from inadequate
demand, is regarded as seasonally unemployed.
True
False
Feedback
Your answer is correct. The statement is false.
2
