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G 11 Trimester 2 Revision

Authored by Abeer Abdelhamid

Other, Social Studies

11th - 12th Grade

G 11 Trimester 2 Revision
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46 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supply is defined as:

The quantity of goods and services customers want

The quantity supplied varies with price

The quantity produced by a supplier

The ability and willingness of firms to provide goods at a given price in a given time

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would case a shift in supply?

Substitutes

Income

Income tax

Subsidies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would NOT cause a shift in supply?

Indirect taxes

Interest rates

Weather

Productivity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the market price for a good or service is low, would you expect suppliers to produce more or less products?

More

Less

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would lead to a rightward shift of the supply curve for cars?

A fall in the price of cars

A new technological development

An increase in wages paid to car factory worker

An increase in the price of steel

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a change in supply, and a change in quantity supplied?

A change in price causes a change in quantity supplied.  One of the determinants of supply causes a change in supply
A change in price is caused by Supply
Supply is not influenced by anything
Prices of goods are set by the government authority in a mixed market economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the determinants of supply?

Change in cost of resources/inputs
Change in number of sellers
Substitutes
Change in technology

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