IGCSE Economics Glossary Terms - L

IGCSE Economics Glossary Terms - L

9th - 12th Grade

14 Qs

quiz-placeholder

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IGCSE Economics Glossary Terms - L

IGCSE Economics Glossary Terms - L

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Easy

Created by

Escott .

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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Includes all human resources

Labour

Land

Capital

Enterprise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All individuals of working age (between the ages of 15 and 65 in most countries) who are either employed or unemployed in a country

Child force

People force

Work force

Labour force

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A measure of unemployment that uses data gathered from a survey of a sample of households to calculate the unemployment rate.

Work Force Survey

Labour Force Survey (LFS)

Unemployment Survey

Household Survey

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where the production of a good or service depends more heavily on labour than the other factors of production.

Capital intensive production

People intensive production

Labour intensive production

Land intensive production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Output per worker per time period

Worker productivity

Time productivity

Location productivity

Labour productivity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Includes all natural resources.

Land

Labour

Capital

Enterprise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As the price of a good or service falls, the quantity demanded increases.

Law of supply

Law of demand

Law of services

Law of goods

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