Economics Grade 10

Economics Grade 10

10th - 12th Grade

10 Qs

quiz-placeholder

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Economics Grade 10

Economics Grade 10

Assessment

Quiz

Other

10th - 12th Grade

Hard

Created by

Akinfenwa Gbemisola

Used 204+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Opportunity cost is defined as the .....................

Money cost

Cost of production

Real cost

Variable cost

Fixed cost

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Land is often different from other factors of production because it

is a free gift of nature.

constitutes one-third of the entire world.

has different grades.

is owned by individuals.

is owned by government.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not a set of measures of central tendency?

Mode and Median

Mean and Median

Mean and Mode

Median and Percentage

Median, Mode and Mean

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The desire for goods without the ability to pay is called

Choice

Effective demand

Joint demand

Wants

Effective supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An industry can simply be defined as

many firms producing different products.

a firm or firms producing similar goods and services.

different firms producing different goods.

different firms producing equal number of similar goods and services.

many firms producing unidentical goods and services.

6.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

The age group 18 to 60 years is popularly referred to as ......................

7.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

In Migration, the region where people are leaving is called.....................

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