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WorksheetsMicroeconomic reform
Total questions: 12
Worksheet time: 5mins
Name
Class
Date
1.
Which of the following is NOT an example of MER?
a)
Deregulation
b)
Competition Policy
c)
Changing interest rates
d)
Environmental Management
2.
Select one cost of microeconomic reform
a)
a decrease in the rate fo unemployment
b)
greater efficiency and productivity
c)
Greater work intensity
d)
Higher economic growth
3.
which of these is NOT a cost of micro economic reform
a)
Higher unemployment
b)
closure of business
c)
lower inflation
d)
distribution
4.
Select one benefit for consumers of microeconomic reform
a)
productivity growth
b)
economic growth
c)
cheaper inputs into the production process
d)
cheaper prices of goods and services
5.
Which of the following is not a business practice outlawed by the competition and consumer act?
a)
Monopolisation
b)
Price Discrimination
c)
Deregulation
d)
Exclusive Dealing
6.
How many TCE point will eddie get of economics
a)
above 20 ?
b)
20-18 for a medium HA
c)
16.9
d)
fail? 0 points?
7.
Which of the following is a cost of MER?
a)
Greater work intensity
b)
Lower inflation
c)
Increased living standards
d)
Productivity growth
8.
Which of the following is an example of allocative efficiency?
a)
The agriculture sector shifting 3 farms into 1 in order to lower cost of production.
b)
A reduction in tariffs to increase industry innovation.
c)
Increasing infrastructure between towns to reduce transport time.
d)
Mr Meyer increasing his rate of teaching on Thursdays before the 10:25 bell
9.
Which of the following is not an example of Deregulation
a)
A reduction of tariffs on wool.
b)
The removal of rules regarding poppy farming.
c)
A decrease in the number of live stock allowed for exportation.
d)
A increase in the number of cars allowed for importation into Australia.
10.
which of these is not a type of efficiency that micro economic reform aims to improve
a)
allcoative
b)
technical
c)
dynamic
d)
time
11.
What is a benefit of MER
a)
Greater working intensity
b)
Higher inflation
c)
Decreased Consumer prices
d)
Decreased distribution of resources
12.
What is the probability of Mr Meyer converting an A- into an A.
a)
10/10
b)
3/10
c)
1 in 1,000,000
d)
0.01
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