WorksheetsLet's work on economics!
Total questions: 14
Worksheet time: 9mins
What is your past learning experience in Economics?
Passed IG exam with A or above
Passed IG exam with C or above
Passed IG exam with E or above
Never learned Economics before
有经验!但不多!
How do you like this subject?
I need more support on.........
看不懂题目
Improving my essay
Learning attitudes
Understanding the Economics concepts.
extra-curriculum activities
I have got myself fully prepared to learn this subject!
No, I am still working on that...
Yes!Yes!Yes!
Anything else you would like to let Mrs Pu know about ......
New oil reserves are discovered. What has increased in supply
capital
enterprise
labor
land
The diagram shows PPC for a country that can produce agricultural products or manufactured products.
Its current PPC passes through points Q and S but the country is currently experiencing unemployment.
If there is now full employment at the same time as new agricultural techniques enable an increase in productivity, what would be the movement on the PPC diagram?
P to R
P to S
Q to R
S to Q
After the price increase, the revenue of the mobile phone operator falls by 10%.
What is the price elasticity of demand (PED) for the mobile operator’s service?
elastic
inelastic
perfectly elastic
unit elastic
Why does specialisation increase the productivity of employees?
Average cost of production increases.
Staff turnover is high.
Time is saved by not moving between tasks
Workers lose interest in their job.
In recent years some central banks have reduced interest rates below 1% per year. What is the purpose of this monetary policy?
to discourage lending by the commercial banks
to encourage investment to stimulate the economy
to increase individual savings
to reduce inflation
What is the main difference between capital-intensive production and labour-intensive production?
A the market structure of the production process
B the output that the production process creates
C the resources on which the production relies
D the size of the firm that uses the production process
What is the definition of diseconomies of scale?
A the decrease in average revenue as output increases
B the decrease in fixed cost as output increases
C the increase in average total costs as output increases
D the increase in total costs as output increases
The diagram shows the fixed costs, variable costs and total costs of a firm.Which distance represents the firm’s fixed costs?
wx
wy
xy
xz
The world demand for oil is price-inelastic and oil is paid for in US dollars. If the price of oil falls rapidly, how might it affect the exchange rate of the US dollar?
A
B
C
D
