Strategy to Address Dependence on Foreign Workers, Labour Market Demands
The prime minister of Malaysia announced his government's immediate focus would be to enhance skills development and improve the quality of education. By the constant upgrading of skills of the country's workforce he hoped to improve the country's global competitiveness and raise average incomes of workers.
www.thestar.com.my 11/21/2008
The story describes
A) a plan increase physical capital.
B) improvements in Malaysia's incentive system.
C) a consequence of economic growth.
D) a plan to increase human capital.
Question 2The table below shows the price index for China starting in 2000.
Year Price Index
2000 100.0
2001 100.73
2002 99.95
2003 101.12
2004 105.06
2005 106.95
2006 108.52
www.econstats.com Which of the following statements CORRECTLY describes the behavior of prices in China?
A) The cost of the CPI basket decreased in 2002.
B) China experienced a high price level and high inflation.
C) Inflation reached 73 between the base year and 2001.
D) The inflation rate between 2005 and 2006 was 14.4 percent.
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