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IGCSE Economic chapter 1 — 19

Authored by LisatheBunny ~

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1st - 5th Grade

Used 15+ times

IGCSE Economic chapter 1 — 19
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following in NOT a free good?

Sunlight

Fresh air

Seafood

Ice Cream

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select all public sector

Fire service

Gas and oil

Postal service

Decorations service

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who do you think have relatively more Barging Power than others?

An individual

A group of doctors

A group of nomadic

A group of stray workers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it means when a company has a 0.7 elasticity of demand?

Unit elasticity

An inelastic demand

And elastic demand

Perfectly inelastic demand

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What can cause increase in savings?

Fall in income tax

Reduction in wealth

Rise in nominal GDP

Rise in interest rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False? A daisy flower will likely to be demand inelastic

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who make the major decisions in a Planned Market System?

Households

Individuals

The government

Firms

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