
Economics B 1.2.5
Authored by Darren Hurst
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12th Grade
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the demand for firms' goods when interest rates fall?
The demand decreases because consumers prefer to save their money.
The demand increases because consumers are more likely to spend than save.
The demand remains the same as consumers are indifferent to interest rates.
The demand fluctuates unpredictably.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost in the context of investing when interest rates go up?
The cost of borrowing decreases.
The cost of borrowing increases and firms are less likely to invest.
The benefit from saving falls and firms are more likely to invest.
The return a firm gets from investing leads to immediate profits.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean when a currency appreciates?
It loses value and can buy less of another currency.
It gains value and can buy more of another currency.
It remains the same in terms of purchasing power.
It is no longer valid in the foreign exchange market.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the value of the $ when the £ appreciates?
The value of the $ increases.
The value of the $ decreases.
The value of the $ remains unchanged.
The value of the $ fluctuates without a clear pattern.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the graph, what happens when the demand for £ increases from Dₑ1 to Dₑ2?
The price of £ in $ decreases.
The price of £ in $ remains the same.
The price of £ in $ increases.
The quantity of £ available decreases.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Based on the graph, what is the result of selling $ for £?
The supply of $ increases for Sₓ1, and the price of $ in £ decreases by Pₐ.
The supply of $ decreases, and the price of $ in £ increases.
The demand for $ increases, and the price of $ in £ remains constant.
The supply of $ remains constant, and the price of $ in £ increases.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "ceteris paribus" mean in economics?
With all else remaining constant
With all factors being variable
With all resources being unlimited
With all markets being efficient
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