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YEAR 10 EASTER TERM ECONOMICS REVISION BOOK 2024

Total questions: 120

Worksheet time: 3600secs

Name
Class
Date
1.

At which phase in the Demographic Transition model is the most population growth occurring?

a)

Stage 1

b)

Stage 2

c)

Stage 4

d)

Stage 5

2.

Overpopulation occurs when

a)

a population exceeds its carrying capacity

b)

a population is less than its carrying capacity

3.

According to the theory of demographic transition, how many different phases of population growth a country has to pass through?

a)

Two

b)

Three

c)

Four

d)

Five

4.

The stage-2 of the theory of demographic transition is indicative of

a)

High birth rate and high death rate

b)

High birth rate and low death rate

c)

Low birth rate and high death rate

d)

Low birth rate and low death rate

5.

The stage-1 of the theory of demographic transition is indicative of

a)

High birth rate and high death rate

b)

High birth rate and low death rate

c)

Low birth rate and high death rate

d)

Low birth rate and low death rate

6.

The stage-3 of the theory of demographic transition is indicative of

a)

High birth rate and high death rate

b)

High birth rate and low death rate

c)

Low birth rate and high death rate

d)

Low birth rate and low death rate

7.

At present Nigeria is passing through which stage of the theory of demographic transition?

a)

First stage

b)

Second stage

c)

Third stage

d)

Fifth stage

8.

Theory of demographic transition is given by....

a)

Malthus

b)

Coale and Hoover

c)

Smith

d)

Ricardo

9.

Population Explosion occurs in _____ stage of the theory of Demographic Transition.

a)

First stage

b)

Second stage

c)

Third stage

d)

Fifth stage

10.

As per Theory of Demographic Transition, in the first stage, Birth rate is high due to.....

a)

illiteracy

b)

Wide-spread Poverty

c)

Superstition/ Beliefs

d)

All of the above

11.

As per Theory of Demographic Transition, in the first stage, Death rate is high due to.....

a)

Malnutrition

b)

Poor medical facilities

c)

Lack of hygiene

d)

All of the above

12.

As per the Theory of Demographic Transition, in the First Stage, population growth rate is .......

a)

Very high

b)

Very low

c)

remains stable

d)

Nothing can be said

13.

As per the Theory of Demographic Transition, in the Second Stage, population growth rate is .......

a)

Very high

b)

Very low

c)

remains stable

d)

Nothing can be said

14.

The NATURAL INCREASE

a)

Is the number of people living in an area

b)

Is the number of people who died in a year

c)

is the difference between the people who were born and who died

d)

Is the difference between the people who can drive and the people who can't

15.

POPULATION...

a)

Is the number of people watching TV

b)

Is the number of people that can drive

c)

Is the number of people living in an area

d)

Is the number of people who died in a year

16.

A CENSUS is used for...

a)

Count the animals living in a place

b)

Count the people that can swim

c)

Count the people living in an area

d)

Collect information abouf kids

17.

A POPULATION PYRAMID tells us...

a)

How population change over time

b)

How population grows every year

c)

How population moves

d)

How population decreases

18.
The number of births compared to the total number of people in a population
a)
death rate
b)
birth rate
c)
baby boom
d)
doubling time
19.

The number of deaths compared to the total number of people in a population

a)

death rate

b)

doubling time

c)

population decline

d)

birth rate

20.
A city has a population of 8792 people. The area of the city is approximately 6.5 square miles. Approximately, how many people per square mile live in the city?
a)
57148
b)
208
c)
1353
d)
135
21.

1. In Malthus’ 1798 book suggests there are diminishing returns to and a fixed amount of land. It follows in his argument that growing populations will eventually _____________________________. *

a)

shrink as the land will not produce enough food to support the population’s needs

b)

grow further as people switch from farming to fishing in oceans

c)

stagnate

22.

2. In general, the predictions of the Malthusian model have shown to be ___________________ during recent history.

a)

100% true

b)

relevant to a certain extent, particularly for less economically developed countries

c)

relevant to only more economically developed countries

d)

100% incorrect

23.

The largest number of individuals of a population that the environment can support is known as...

a)

carrying capacity

b)

population crash

c)

lag phase

d)

mutualism

24.
What type of growth is shown in the diagram?
a)
exponential growth
b)
logistic growth 
c)
predator-prey cycle
d)
boom-bust curve
25.
According to Thomas Malthus _______ increases the death rate.
a)
Negative checks 
b)
Positive checks
c)
Birth rate
d)
Life expectancy
26.
In comparing Malthus's theory to actual world food production and population growth during the past half-century, the principal difference is that:
a)
actual food production has been much higher than Malthus predicted.
b)
actual population growth has been much higher than Malthus predicted.
c)
Malthus's theory predicted much higher population growth than has actually occurred.
d)
population increased geometrically while food production increased arithmetically.
27.

Why was Malthus's theory deemed 'a failure' by critics?

a)

He didn't think about it enough

b)

He failed to look at technological advances

c)

He didn't have the materials to continue his studies

d)

He couldn't prove it

28.

What is Malthus book called?

a)
An essay of my theory
b)
An essay on food production
c)
An essay on the world
d)
An essay on the principals of population
29.
Thomas Malthus concluded that
a)
population increased arithmetically while food production increased geometrically.
b)
the world's rate of population increase was higher than the development of food supplies.
c)
moral restraint was producing lower crude birth rates.
d)
population growth was outpacing available resources in every country.
30.

A large increase in crop production in developing countries achieved by the use of fertilizers, pesticides, and high-yield crop varieties.

a)

Green Revolution

b)

Blue Revolution

c)

Sustainable Development

d)

Malthusian Theory

31.

Which of the following is the term for people moving into a new country?

a)

Immigration

b)

Emigration

c)

Urbanization

32.

Based upon the population pyramid, which of the following statements is true?

a)

Most of their population is older

b)

Their population is growing

c)

There are many more boys in this country than girls

33.

What problem is NOT caused by high population density?

a)

Limited resources

b)

More space

c)

Unemployment rises

34.

Malthusian Theory claims that

a)

population grows arithmetically while food supply grows geometrically

b)

population grows geometrically while food supply grows arithmetically

c)

population and food supply grow at the same route

d)

populations will adapt and find new food sources

35.

Population density is defined as

a)

the number of people that can be supported with a given number of resources

b)

the number of resources a population can produce

c)

the amount of people in a given area

d)

the pattern of people laid out in a given area

36.

Population distribution is defined as

a)

the number of people that can be supported with a given number of resources

b)

the number of resources a population can produce

c)

the amount of people in a given area

d)

the pattern of people laid out in a given area

37.

What did Malthus' theory propose?

a)

Population growth would lead to famine and societal collapse

b)

Improved agricultural practices would lead to famine and societal collapse

c)

Technological advancements would lead to famine and societal collapse

d)

Population growth is not a direct threat to global food security

38.

What theory proposed in 1798 suggests that population growth will outpace resources?

a)

Darwin's Theory of Evolution

b)

Newton's Laws of Motion

c)

Einstein's Theory of Relativity

d)

Malthus' Theory

39.

What theory proposed by Thomas Malthus in 1798 states that population growth will outpace the availability of resources?

a)

The Principle of Population

b)

Malthusian Catastrophe

c)

Controversial Theory

d)

Resource Management Theory

40.

What is a pressing issue that impacts food supply?

a)

Climate change

b)

Technological advancements

c)

Population growth

d)

Economic instability

41.

What is population?

a)

The number of people who live in a particular area.

b)

The number of babies that born in a particular area.

c)

The number of people that die in a particular area.

d)

The number of immigrants that live in a particular area.

42.

Why does the population of a country change?

a)

Because of its birth rate.

b)

Because of its death rate.

c)

Because of its migration

d)

All are correct.

43.

What is birth rate?

a)

The number of babies born in a specific place during a specific time.

b)

The number od people who died in a specific place during a specific time.

c)

The number of people that comes to a country.

d)

The number of people that leaves a country.

44.

What is death rate?

a)

The number of babies born in a specific place during a specific time.

b)

The number of people who died in a specific place during a specific time.

c)

The number of people that comes to a country.

d)

The number of people that leaves a country.

45.

What is immigration?

a)

The number of babies born in a specific place during a specific time.

b)

The number of people who died in a specific place during a specific time.

c)

The number of people that arrives to a country.

d)

The number of people that leaves a country.

46.

What is emigration?

a)

The number of babies born in a specific place during a specific time.

b)

The number of people who died in a specific place during a specific time.

c)

The number of people that arrives to a country.

d)

The number of people that leaves a country.

47.

Immigration and birth rate helps to...

a)

Increase population

b)

Decrease population

48.

Emigration and death rate helps to...

a)

Increase population

b)

Decrease population

49.

What is population density?

a)

The number of inhabitants per square kilometre.

b)

The number of people that live in a specific area.

50.

People tent to live in places where...

a)

There is a good climate.

b)

There are job opportunities.

c)

There are good services

d)

All are correct

51.

One reason the world is growing so quickly is because...

a)

The world has infinite resources for everyone

b)

Birth rate is higher than death rate

c)

There are more and more places for people to live

d)

Death rate is higher than birth rate

52.

What is the world's most populous country?

a)

India

b)

China

c)

U.S.

d)

Mexico

53.

The approximate population of the world today is..

a)

7.6 Million

b)

6.7 Billion

c)

6.7 Million

d)

7.6 Billion

54.
If the number of births is greater than the number of deaths in a population, what will happen to the growth of the population?
a)
It will increase.
b)
It will decrease.
c)
It will stay the same.
d)
It will fluctuate.
55.
If the number of births in a population is the same as the number of deaths in a population, what will happen to the growth of the population?
a)
It will increase.
b)
It will decrease.
c)
It will stay the same.
d)
It will fluctuate.
56.
A city has a population of 8792 people. The area of the city is approximately 6.5 square miles. Approximately, how many people per square mile live in the city?
a)
57148
b)
208
c)
1353
d)
135
57.

Birth Rate + Migration - Death Rate =

a)

population growth

b)

population density

58.

Population divided by Area =

a)

population density

b)

population growth

59.
Voluntary membership of cooperative society means a person:
a)
(a) Free to join
b)
(b) Can leave any time
c)
(c) Both (a) and (b)
d)
(d) Only option (a) is correct
60.
Liability of the members of cooperative society is:
a)
Un-limited
b)
Limited
c)
At least one member should have un-limited
d)
None of these
61.
Voting rights of the members of cooperative society is:
a)
As per the amount of shares hold by them
b)
No voting rights of its members
c)
One man - One Vote
d)
All of above
62.

It is an organization which is formed voluntarily by a group of people to conduct economic activities that are beneficial and respond to the need and aim of it's members.

a)

Market

b)

Cooperatives

c)

Economy

d)

Sufficiency

63.

Cooperatives are involuntarily organization to all people.

a)

TRUE

b)

FALSE

64.

Cooperatives has certain objectives in managing business which is to help its members.

a)

TRUE

b)

FALSE

65.

Cooperatives is managed by democratic principles.

a)

TRUE

b)

FALSE

66.

The cooperative society that performs a combination of the functions of other types of cooperative societies is called

a)

consumer cooperative

b)

multipurpose cooperative

c)

producer cooperative

d)

thrift and credit cooperative

67.

Computer manufactures in a area could form

a)

producer association

b)

chamber of commerce

c)

costumer association

d)

credit and drift

68.

Which of the following relies on government for its initial capital

a)

co=operative society

b)

public corporation

c)

private limited company

d)

public limited company

69.

Which of the following is NOT an important reason for government ownership of industries?

a)

provision of essential services

b)

making high profits

c)

avoiding duplication of services

d)

preventing private monopoly

70.

Main objective of cooperative society is

a)
To render services
b)

make profit

c)

collect interest

d)

none

71.

Which of the following is not a feature of a cooperative society?

a)

Separate legal status

b)

Profit share on patronage

c)

No government control

d)

Voluntary association

72.

All the members of cooperative society have ____________ interest

a)
Common
b)

Different

c)

Verse

d)

none

73.

Which of the following is the feature/s of a cooperative society?

a)

Open membership

b)

limited liability

c)

State control

d)

Profit motive

74.

Public Sector Enterprises are owned by ?

a)

State Government

b)

Central Government

c)

Both of these

d)

None of these

75.

Select the appropriate examples for Public Corporations.

a)

Broadcasting

b)

Central Bank

c)

Nigeria Railway Corporation

d)

Nigeria Port Authority

76.

Government companies are managed by ?

a)

State Government

b)

Board of Directors

c)

Ministers

d)

Central Government

77.

Select the appropriate features for public enterprise.

a)

Private owners

b)

perpetual succession

c)

to make profit

d)

not to make profit

e)

owned and control by the covernment

78.

Public corporation is set up by the Act of parliament

a)

True

b)

False

79.

What does PLC stand for?

a)

Public Limited Company

b)

Profit/Liability Curve

c)

Princesses Like Crowns

d)

Probably Locking Cages

80.

What is the simple difference between a public and private limited company?

a)

A public limited company is public and a private limited company is private.

b)

There are no differences.

c)

The public limited company can quote shares in a stock exchange while a private limited company cannot.

d)

One does not deal with shares while the other does.

81.

What is are some characteristics of a public limited company?

a)

A name, unlimited liabilities, perpetual succession

b)

A name, limited liabilities, perpetual succession

c)

A single person, shares, advertisements

d)

A song, a dance, a clown

82.

What are some documents required for the formation of a public limited company?

a)

Article and memorandum of association.

b)

A car.

c)

An already established business.

d)

A private jet.

83.

What are the main managers/owners of a public limited company called?

a)

Owners and managers

b)

Bosses and mentors

c)

Directors and shareholders

d)

Principals and boards

84.

What is one advantage of a public limited company?

a)

They get free food.

b)

They can tell private limited companies what to do.

c)

They can buy an unlimited amount of vehicles.

d)

Shares are easily transferable.

85.

What is one disadvantage of a public limited company?

a)

Stock market vulnerabilty

b)

Limited liabilities.

c)

They cannot buy cars.

d)

They cannot buy shares.

86.

What does PLC stand for?

(a)  

87.

What are the owners of private and public limited companies called?

a)

Stakeholders

b)

Managers

c)

Board of directors

d)

Shareholders

88.
Private and Public Limited companies both have
a)
Unlimited Libaility
b)
Limited libaility
89.

What does PLC stand for?

(a)  

90.

How many people own a sole trader business?

a)

3

b)

2

c)

1

d)

20

91.

A sole trader is

a)

a business with one employee

b)

a business selling one product

c)

a business with one owner

d)

a business with one shop/office

92.

What is unlimited liability?

4 lines
93.

A sole trader has responsibility for

a)

preparing the accounts of the business

b)

all aspects of their business

c)

selling the products

d)

completing spreadsheets

94.

A sole proprietor has to share the profits the business makes. True or False?

4 lines
95.

Select TWO true statements that relate to a sole trader.

a)

Sole traders have limited liability

b)

Sole traders get to make all their own decisions about the business

c)

Sole traders may find it harder to raise funds for the business

d)

Sole traders usually get more holidays than partners or directors

96.

Which type of business has the most trouble getting financing?

a)

Sole Trader

b)

Partnership

c)

Both

d)

Neither

97.

Unlimited Liability is?

4 lines
98.

Sole traders have unlimited liability.

a)

TRUE

b)

FALSE

99.

What are 3 of the benefits of being a sole trader?

a)

Easy to establish

b)

Keep all the profit

c)

Get to make all the decisions

d)

Unlimited liability

100.
In a partnership, all profits are shared between the partners.
a)
False
b)
True
101.
Which of the following is an advantage of being in a partnership?
a)
Ideas and decision making can be shared
b)
The most senior partner has responsibility for running the business
c)
Partners can have responsibility for many different areas of the business
d)
Each partner gets the same share of the profits
102.
It is easier to raise finance in a partnership because
a)
the partners have more personal wealth than a sole trader
b)
all the partners will invest a certain amount in the business
c)
the bank will give a partnership lower interest rates for all loans
d)
partnerships are the only type of business that can receive grants
103.

Decision is taken in partnership firm

a)

Individually

b)

By the partner who has invested more money

c)

By anyone

d)

Mutually ( all partners together)

104.

A _______________ partner is one does not take part in the day to day running of the business.

a)

Active

b)

Sleeping

c)

Secret

d)

Nominal

105.

Seema and Beena partnered together to provide food and clothing to the needy by collecting it from the neighbourhood. Can this be called a partnership firm

a)

Yes

b)

No

c)

Maybe

d)

None of the above

106.
Which of the following is NOT included in a Deed of Partnership?
a)
How the profit is to be split between the partners
b)
The name of the partnership's accountant
c)
The responsibilities of each partner
d)
The date the partnership started up
107.

What is the partnership written agreement known as?

a)

Partnership Contract

b)

Partnership Act

c)

Agreement

d)

Partnership Deed

108.

Which is not a feature of a partnership business?

a)

Easy Formation

b)

Mutual Agency

c)

Limited Liability

d)

Two or more person

109.

Which is not a feature of a partnership business?

a)

Easy Formation

b)

Mutual Agency

c)

Limited Liability

d)

Two or more person

110.

To start a partnership business, what should be the minimum number of partners?

a)

2

b)

10

c)

4

d)

20

111.
Which of the businesses has unlimited liability?
a)
Sole Trader
b)
Partnership
c)
Both
112.

What is the general definition of a partnership in business?

a)

A partnership is a type of corporation

b)

A legal relationship between two or more individuals who share the profits and liabilities of the business.

c)

A business owned and operated by a single individual

d)

A type of business structure that is not recognized by law

113.

What is the general definition of a partnership in business?

a)

A partnership is a type of corporation

b)

A legal relationship between two or more individuals who share the profits and liabilities of the business.

c)

A business owned and operated by a single individual

d)

A type of business structure that is not recognized by law

114.
Which of the businesses has unlimited liability?
a)
Sole Trader
b)
Partnership
c)
Both
115.
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
a)
Partnership
b)
Sole Proprietorship
c)
Corporation
d)
Franchise
116.
Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
117.
Disadvantages of this business type include: needs a partnership agreement, partners might not get along, owners share profits, unlimited liability.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
118.

No paperwork (charter or agreement) is required to start which type of business?

a)

Partnership

b)

Franchise

c)

Sole Proprietorship

d)

Corporation

119.

Which type of business allows the owner to keep all of the profit for him/herself?

a)

Partnership

b)

Franchise

c)

Sole Proprietorship

d)

Corporation

120.

Which business depends on just one person for the skills and talents to run the business?

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

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