CIE Econs IGCSE Diagrams 3

CIE Econs IGCSE Diagrams 3

10th - 11th Grade

10 Qs

quiz-placeholder

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CIE Econs IGCSE Diagrams 3

CIE Econs IGCSE Diagrams 3

Assessment

Quiz

Business, Other

10th - 11th Grade

Hard

Created by

Ian Edwards

Used 11+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Real incomes have risen in a country.


Which situation would definitely have caused this?

A

B

C

D

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What are the effects on price and equilibrium quantity of the imposition of an import tariff on a good?

A

B

C

D

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagram shows the production possibility curve (PPC) of a country producing at point T.


The country has an ageing population and decides to allocate more resources to the production of health services.


Which movement shows this change in resource allocation?

T to S

T to U

T to V

T to W

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

In 2018 the UK government introduced a tax on the production of sugary drinks.


How would this affect the market for sugary drinks as shown on a demand and supply diagram?

A

B

C

D

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Banks decrease interest rates.


What is likely to be the effect of this on borrowing and saving?

A

B

C

D

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The table shows the costs of a firm.


What is the average total cost if the firm produces 20 goods?

$1

$2

$4

$80

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The table provides information about a country’s labour market.


What is the unemployment rate of this country?

15%

25%

50%

75%

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