Cards (19)

    • The Cost of Living refers to the amount of money needed to maintain a certain standard of living
    • The cost of living in Paris is lower than in a rural town in France.
      False
    • Match the factor influencing the cost of living with its description:
      Housing costs ↔️ Rent or mortgage expenses
      Food prices ↔️ Cost of groceries and dining out
      Transportation expenses ↔️ Vehicle maintenance or public transport fees
      Utility costs ↔️ Electricity, water, and other essential services
    • Arrange the following factors influencing the cost of living from most common to least common:
      1️⃣ Housing costs
      2️⃣ Food prices
      3️⃣ Transportation expenses
      4️⃣ Utility costs
    • Utility costs can vary depending on consumption and location.
    • The Cost of Living in a given area is influenced by factors such as housing, food, transportation, and utilities
    • What are the four primary factors that influence the cost of living?
      Housing, food, transportation, utilities
    • Housing costs are generally higher in cities like Paris
    • Transportation costs are higher in urban areas due to more traffic.
    • What is meant by "Regional Variations in Cost of Living"?
      Differences in expenses across regions
    • Housing in Paris is more expensive than in a rural village
    • Urban areas have higher infrastructure costs, contributing to higher living expenses.
    • What is the definition of "Cost of Living"?
      Money needed to maintain standard of living
    • Housing costs, food prices, transportation expenses, and utility costs influence the amount of money needed to maintain a certain standard of living
    • What are the primary factors driving regional variations in the cost of living?
      Housing, food, transportation, utilities
    • Housing in rural towns is more affordable than in urban areas like Paris.
    • How does a high cost of living impact quality of life?
      Limits access to essentials
    • A low cost of living allows for more leisure activities
    • Low-income families face greater challenges with limited disposable income due to high living costs.