WorksheetsMORAL EDUCATION 10
Total questions: 50
Worksheet time: 28mins
Wealth is best defined as...
The total income an individual generates
The value of savings and property
The value of all capital stock held
How much money an individual has
Which of the following are consequences of inequality
Poverty
Enterprise
Poor health
Economic growth
According to the Forbes rich list 2019, the wealthiest individual last year was..
Bill Gates
Warren Buffett
Jeff Bezos
Mark Zuckerberg
Which of the following is most important if a country is going to achieve and sustain rapid economic growth?
a. high tariffs and imposition of other trade restrictions
b. high marginal tax rates
c. an open and competitive capital market
d. high rates of inflation
Inflation is
a. a persistent increase in the general level of prices.
b. a persistent increase in the price of an individual good, service or resource.
c. a one time increase in the general level of prices.
d. a one time increase in the price of an individual good or service.
Which of the following will discourage investment?
a. well-defined property rights.
b. high and accelerating rates of inflation.
c. a low and steady rate of inflation.
d. low tax rates.
What are the components of GDP?
a. Consumption + Investment + Government Expenditure + Net Exports
b. Saving + Investment + Private Expenditure + Net Exports
c. Consumption + Saving + Private Expenditure + Net Exports
d. Saving + Investment + Government Expenditure + Net Imports
Which of the following are the sources of revenue for Malaysia Government?
I. Sales and Service Tax (SST)
II. Petroleum Royalties
III. 1MDB Bond
IV. Excise Duties
a. I, II & III
b. I, II & IV
c. II, III & IV
d. All of the above.
In a free market economy, consumption and investment decisions
a. are controlled largely by the government
b. shape the future course of the national economy.
c. are necessarily controlled by big businesses.
d. require protection from foreign forces if individuals desire wealth accumulation.
Wealth is best defined as...
The total income an individual generates
The value of savings and property
The value of all capital stock held
How much money an individual has
GDP per capita is found by dividing a country's GDP by it's
population.
average birth rates.
number of households.
All of the following are excluded from GDP except
non-market goods and services
used goods
environmental quality
final goods and services
Which one of the following is a characteristic of globalisation
Low levels of labour migration
The development of global brands
A decrease in foreign direct investment
A reduction in out-sourcing and off-shoring of production
Which one of the following is a negative consequence of globalisation for less-developed countries
Enhanced cultural uniqueness
Skills transferred to domestic workers
Improved terms of trade
Wider income inequalities
The process by which businesses or other organizations develop international influence or start operating on an international scale
worldwide
globalisation
significantly
melting pot
What is Fairtrade all about?
better prices and better working conditions
more trade for less money
less money for workers
less crops
Who does Fairtrade really support?
The richest earners
The poorest earners
The crops
The countries wanting the crops
Chocolate is one of the worlds favourite foods. What bean is harvested to make it?
runner bean
baked bean
broad bean
cocoa bean
What clothing item is grown by Fairtrade farmers?
leather
wool
cotton
Who can buy Fairtrade products?
rich people
no one in the UK
anyone
A __________ is something that is sold for money.
product
commodity
trade
consumer
To _________ products or raw materials means to buy them from another country for use in your own country.
export
trade
import
buy
Something that is unethical is ...
morally right or morally acceptable
immoral (not right or acceptable)
illegal
true
What would you call someone who buys and sells commodities for profit?
consumer
producer
merchant
Marco Polo
What is a co-operative?
a group of countries who buy and sell products
a group of farmers who share equipment/machinery
two countries who trade
someone who grows bananas
What are consumers?
shoppers
traders
countries
cities
You buy a top, without trying it on, and when you get home it is too large. You are entitled to
A refund
An exchange, because it is fine to try clothes on at home.
A store credit
Nothing, next time try it on!
You buy some milk & later realise it was sold after the "use-buy" date. You are entitled to:
Nothing- you should have checked the 'use-by-date'.
An exchange only.
A refund only.
An exchange or refund - you choose!
You buy a DVD at Kmart for $24 and later that day see it at Target for $19. You are entitled to
to exchange the DVD for a different one
Nothing- next time shop around
receive a store card or voucher from Kmart for $24
a full refund from Kmart.
You buy a pair of headphone and later find the left speaker doesn't work properly. You are:
entitled to nothing
entitled to only a replacement
only entitled to the store sending it to be fixed
entitled to a refund if you desire
You buy some jeans in the Black Friday sales but later notice the zip doesn't work. You are:
Only entitled to a replacement or store credit
Entitled to a refund
Only entitled to store offering to fix the zip
Nothing because you bought them at the sale
A mum buys a baby's jacket & sees on the news that the 'toggles' are a chocking hazard. She is:
only entitled to a replacement jacket
entitled to a refund.
nothing as she bought the it before the problem was on TV.
are only entitled to a replacement
You buy a flat screen TV and the 'on/off' button is faulty. The store:
only has to offer you a store credit voucher
must offer you a refund or replacement
doesn't have to do anything as you can just use the remote
can choose to fix it - if this can be done quickly.
A key difference between saving and investing is
Saving is for everyone, investing is for the wealthy
Your money is insured when investing, it is not in savings
Investing has a guaranteed return, savings does not
Saving is for emergencies & goals, investing is for long-term wealth
A type of investment that invests in a lot of different companies is called
Stocks
Bonds
Mutual funds
T-bills
What is the primary reason for a company to issue stock?
The stocks help investors earn a higher rate of return
To raise money to grow the company
To distribute the risk of bankruptcy across more investors
To increase greater awareness of the company
