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WorksheetsEconomics Grade 10
Total questions: 10
Worksheet time: 4mins
Opportunity cost is defined as the .....................
Money cost
Cost of production
Real cost
Variable cost
Fixed cost
Land is often different from other factors of production because it
is a free gift of nature.
constitutes one-third of the entire world.
has different grades.
is owned by individuals.
is owned by government.
Which of the following is not a set of measures of central tendency?
Mode and Median
Mean and Median
Mean and Mode
Median and Percentage
Median, Mode and Mean
The desire for goods without the ability to pay is called
Choice
Effective demand
Joint demand
Wants
Effective supply
An industry can simply be defined as
many firms producing different products.
a firm or firms producing similar goods and services.
different firms producing different goods.
different firms producing equal number of similar goods and services.
many firms producing unidentical goods and services.
The age group 18 to 60 years is popularly referred to as (a)
In Migration, the region where people are leaving is called (a)
In Migration, the region where people are entering is called (a)
Public corporations are owned by
(a)
An individual portion of the company's capital owned by shareholders is known as
(a)
