Economics

Economics

10th Grade

•

26 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

•

Business

•

10th Grade

•

Practice Problem

•

Easy

•
Economics

Standards-aligned

Created by

Hannah B

Used 6+ times

FREE Resource

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26 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Which are the indicators of economic performance

Income distribution

Standard of Living

Monetary Policy

Upskilling the workforce

Economic Growth

2.

OPEN ENDED QUESTION

20 sec • 1 pt

What does income distribution mean?

Evaluate responses using AI:

OFF

3.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Which of the following are types of income?

Income from labour

Income from Government

Income from royalties

Income from properties

Income in substitution of goods and services

4.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Which are the causes of income inequality?

High unemployment

Replacement of humans for machines

Reduced hours and increases wages

High demand

Generational inequality

Answer explanation

Reduced wages and longer hour are a cause of income inequality.

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What are the effects

of income inequality?

Financial hardship for the poor

Lack of production of essential goods and services

All of these

Labour productivity, motivation for the poor to work harder

Wealthier people can influence the economy

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Does that government want income equality?

Yes

No

7.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

How could the government reduce income inequality?

Welfare benefits

Progressive Taxes

Provision of essential services

Compulsory

Superannuation

None of these

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