Inflation Caused by a Rise in the Prices of Inputs

question 238

Multiple Choice

Inflation caused by a rise in the prices of inputs is referred to as

• A) cost-push inflation.
• B) demand-pull inflation.
• C) unanticipated inflation.
• D) hyperinflation.

Analyze how trade affects national standards of living and employment.

Understand the basic concepts of international trade, including importing and exporting.

Analyze the impact of world prices on a country's trade behavior (exporting and importing).

Apply the concept of comparative advantage to determine trade patterns between nations.

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Definitions:

Economic Order Quantity

A formula used in inventory management to determine the optimal order quantity that minimizes total inventory costs.

Nonprofit Organization

An organization that operates for purposes other than making a profit, focusing instead on furthering a social cause or shared goal.

Nongovernmental Organization

An independent, not-for-profit organization that works towards social, environmental, or political goals.

Organizational Goal

The strategic objectives that a business or institution aims to achieve within a specific timeframe, guiding its operations and direction.