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CIE Econs IGCSE Mix 3

Authored by Ian Edwards

Business, Other

10th - 11th Grade

Used 5+ times

CIE Econs IGCSE Mix 3
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

India is experiencing rapid growth in air travel. The number and size of airlines is increasing every year.


Which effect arising from this growth is an external economy of scale?

Banks are more prepared to lend to large airlines rather than small airlines.

Colleges are established to train flight crew.

Fuel suppliers charge less to airlines that buy in bulk.

Larger airlines operate aircraft which can carry more passengers.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The financial director of a company adds up the cost for the firm of rent, insurance, new machinery and the chief executive’s basic salary. The director then divides that total by the firm’s output.


What has the director calculated?

average fixed cost

average revenue

average total cost

average variable cost

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

If a perfectly competitive market becomes a monopoly, what will be likely to increase and what will be likely to decrease?

A

B

C

D

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagram shows the fixed costs, variable costs and total costs of a firm.


What is the firm’s total variable cost at an output of 100 units?

$250

$5000

$25000

$30000

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an example of a public good?

a theatre performance

an injection to prevent influenza

road signs and road markings

it may increase the volume of imports

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagram shows the birth and death rates for a country over a period of time.


At which point did the country’s population fall?

A

B

C

D

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagrams show population pyramids for two countries, X and Y.


What can be concluded from these pyramids?

country X has the highest population

country X is more typical of a developed country

country Y has a higher birth rate

country Y has a lower dependency rate

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