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WorksheetsEconomics Diagnostic Test
Total questions: 20
Worksheet time: 10mins
Opportunity cost (تكلفة الفرصة البديلة) means:
Total spending
A future tax
The next best alternative foregone
Any government payment
Which of the following is an example of a resource that is not scarce?
Sunlight in a desert
Electricity
Textbooks
Train ticket
Specialisation (التخصص) tends to:
Lower productivity
Raise productivity via focus/training
Eliminate trade
Fix prices
A good is economic (not free) when:
It is scarce and has an opportunity cost
It is infinite
It is always free
It’s identical to air in a desert
A family buys a 12-pack of water for AED 18. Unit price per bottle is:
AED 1.25
AED 1.50
AED 1.75
AED 2.00
A bus card increases from AED 80 to AED 92. % change is about:
10%
15%
18%
20%
A café sells 40 sandwiches at AED 12 each. Total revenue is:
AED 320
AED 480
AED 520
AED 560
A mobile data plan changes from 6 GB for AED 60 to 8 GB for AED 60. What happens to the price per GB?
Falls from AED 12 to AED 10 (↓16.7%)
Falls from AED 10 to AED 7.5 (↓25%)
Falls from AED 15 to AED 12 (↓20%)
Rises from AED 7.5 to AED 10 (↑33%)
The UAE’s standard VAT (ضريبة القيمة المضافة) rate is:
3%
5%
7%
9%
VAT in the UAE was introduced in:
2016
2017
2018
2019
Which goods face excise tax (الضريبة الانتقائية) in the UAE?
Fresh milk
Bread
Energy drinks
School textbooks
A pillar of “We the UAE 2031” is:
Import Substitution (إحلال الواردات)
Forward Economy
Fixed Wages
Ruralisation (التريف)
A neutral example of a government-provided merit service (خدمة استحقاقية) in the UAE is:
Luxury watch showrooms
Public healthcare or road infrastructure
Which step best aligns with UAE’s diversification goals (أهداف التنويع الاقتصادي) in Vision 2031?
Reducing all non-oil exports
Growing knowledge-based sectors and tourism
Eliminating free zones
Pegging to the euro
“One thing I’m confident about in Economics is…"
Understanding opportunity cost
Using percentages in economics
"One thing I need help with is..."
Reading economic data (tables, charts)
Applying formulas
UAE economic policies
Writing definitions clearly
When a consumer buys a soda in the UAE, which is true about the VAT ضريبة القيمة المضافة they pay?
A) It is collected by the shop but passed on to the government
B) It is optional and can be avoided
C) It is refunded to all consumers later
D) It applies only to exports
The UAE recently introduced a 9% corporate tax (ضريبة الشركات). One expected goal is:
A) Reduce foreign investment completely
B) Diversify government revenue beyond oil
C) Eliminate all VAT collections
D) Stop road infrastructure projects
The UAE dirham (AED) stability is important for trade and investment. Why?
A) It reduces uncertainty in import/export prices
B) It makes the UAE currency a cryptocurrency
C) It eliminates the need for foreign banks
D) It fixes all inflation problems
A country’s tax authority (e.g., the UAE’s FTA) plays which role?
A) Collects government revenue to fund merit services (e.g., healthcare, road infrastructure)
B) Controls all stock market trading
C) Sets world oil prices
D) Runs private designer apparel outlets
