CIE economy AS-v1

CIE economy AS-v1

12th Grade

17 Qs

quiz-placeholder

Similar activities

Percent Increase Decrease Error

Percent Increase Decrease Error

7th Grade - University

19 Qs

Percents 7th grade

Percents 7th grade

7th Grade - Professional Development

12 Qs

Stock vs Bond

Stock vs Bond

12th Grade

13 Qs

KYOTE 1.6a: Markup, Discount and Percent Change

KYOTE 1.6a: Markup, Discount and Percent Change

7th - 12th Grade

20 Qs

Percents, Discounts, Tax

Percents, Discounts, Tax

KG - University

20 Qs

Stocks and Bonds

Stocks and Bonds

9th - 12th Grade

18 Qs

SUPPLY QUIZ

SUPPLY QUIZ

12th Grade

20 Qs

Business Cycle

Business Cycle

9th - 12th Grade

20 Qs

CIE economy AS-v1

CIE economy AS-v1

Assessment

Quiz

Mathematics

12th Grade

Easy

CCSS
HSA.CED.A.2, HSA.CED.A.1, HSA.SSE.A.1

Standards-aligned

Created by

Jason Hoford

Used 1+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A tourist visits the coast for a holiday. 2 On her first day, she visits the local tourist office for information, goes for a swim in the sea, spends the evening enjoying the view of the coastline and rents a campsite for an overnight stay. Which activities involve economic goods and which involve free goods?

A

B

C

D

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which aspect of a planned economy might be viewed unfavourably by a consumer but favourably by a producer?

a bureaucratic system of decision-making

a long response time to changing economic events

an absence of incentives to work and to produce

an emphasis on the production of capital goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement would be classified by an economist as a positive statement?

Balancing the budget cannot be more important than reducing inflation.

Maintaining the real income of pensioners needs to be a priority.

The government should increase indirect taxation.

The government will not increase direct taxation.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The price elasticity of demand for a firm’s product is equal to one for all price changes. What would be the result of this?

A percentage increase in price will cause demand to fall by a larger percentage.

A percentage increase in price will cause demand to increase by the same percentage.

Quantity demanded will always be the same whatever the price.

The firm’s revenue will always be the same whatever the price.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will definitely stop, following the nationalisation of an industry?

dividend payments to the industry’s shareholders

job losses among the industry’s workforce

price increases for the industry’s product

the closure of unprofitable factories in the industry

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will cause a movement along an aggregate supply curve?

a rise in the demand for exports

a rise in the price of raw materials

a rise in the productivity of labour

a rise in the rate of sales tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A government devalues its fixed exchange rate. What is most likely to be its aim?

to improve the terms of trade

to increase the level of aggregate demand

to reduce a current account surplus

to reduce demand-pull inflation

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?