Let's work on economics!

What is your past learning experience in Economics?

• Passed IG exam with A or above

• Passed IG exam with C or above

• Passed IG exam with E or above

• Never learned Economics before

• 有经验!但不多!

How do you like this subject?

I need more support on.........

• 看不懂题目

• Improving my essay

• Learning attitudes

• Understanding the Economics concepts.

• extra-curriculum activities

I have got myself fully prepared to learn this subject!

• No, I am still working on that...

• Yes!Yes!Yes!

Anything else you would like to let Mrs Pu know about ......

New oil reserves are discovered. What has increased in supply

• capital

• enterprise

• labor

• land

The diagram shows PPC for a country that can produce agricultural products or manufactured products.

Its current PPC passes through points Q and S but the country is currently experiencing unemployment.

If there is now full employment at the same time as new agricultural techniques enable an increase in productivity, what would be the movement on the PPC diagram?

• P to R

• P to S

• Q to R

• S to Q

After the price increase, the revenue of the mobile phone operator falls by 10%.

What is the price elasticity of demand (PED) for the mobile operator’s service?

• elastic

• inelastic

• perfectly elastic

• unit elastic

Why does specialisation increase the productivity of employees?

•  Average cost of production increases.

•  Staff turnover is high.

•  Time is saved by not moving between tasks

•  Workers lose interest in their job.

In recent years some central banks have reduced interest rates below 1% per year. What is the purpose of this monetary policy?

• to discourage lending by the commercial banks

• to encourage investment to stimulate the economy

• to increase individual savings

• to reduce inflation