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Worksheets9 Global Connections revision Quiz - What have we learned so far
Total questions: 12
Worksheet time: 7mins
The factors of production are...
natural resources, land labour resources, advertising
land, labour, capital and enterprise
natural resources, labour, capital and enterprise
land, capital, enterprise and production
What are the questions that make up the economic problem?
What to produce, How to produce, for Whom to produce
Why to produce, How to produce, for Whom to produce
What to produce, When to produce, for Whom to produce
What to produce, How to produce, Where to produce
The five sectors of the economy in the circular flow of income model are...
business, financial injections, labour, imports
household, goods services, banks, business
business, consumption, exports, financial, government
household, business, financial, government, overseas
Globalisation is...
...the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
...the process of increasing connection between countries through trade, investment, technology and communication.
... the term that describes the way countries throughout the world are becoming more interconnected through the use of trade, investment, technology and finance.
All of the above
Interconnections between sport, business and the media are sometimes called sport's 'golden triangle' because...
...each uses and needs the others to advance their own aims.
...there is a lot of money in sport.
...sports people wear a lot of gold jewellery.
...they spend a lot of time sending money and information between each other.
Interdependence is...
...the reliance of people on the countries around them.
...the link between people and technology.
...the reliance of two or more people or things on each other.
...the link that we have with our parents.
Which type of economy does this example represent?
Planned capitalist
Planned socialist
Market socialist
Market capitalist
Which type of economy does this example represent?
Planned capitalist
Planned socialist
Market socialist
Market capitalist
Within the circular flow of income, injections are...
...transactions that put money into the economy.
...transactions that take money out of the economy.
...transactions that go to banks.
...transactions that stay within the two sectors - households and businesses.
Within the circular flow of income, leakages are...
...transactions that put money into the economy.
...transactions that take money out of the economy.
...transactions that go to banks.
...transactions that stay within the two sectors - households and businesses.
Which of the following parts of the circular flow of income are leakages?
(Choose all of the options that apply.)
Savings
Imports
Government spending
Taxes
Which of the following parts of the circular flow of income are injections?
(Choose all of the options that apply.)
Exports
Imports
Government spending
Taxes
