Worksheetseconomics in english
Total questions: 10
Worksheet time: 7mins
What does VC stad for in economics terminology?
venture capital
Visual circle
variable cost
valuable cost
Profit maximizer is the process by which firms determine the price and output level that returns the greatest profit.
true
false
A mixed economy includes both capitalist and (a) economic policies.
According to Mark Twain, what are the only two types of speakers in the world?
liars
confiedent
powerful
nervous
Using hand gestures (a) can emphasize key points, but they should not become distracting.
Demand always increases when price increases.
true
false
Why might a government intervene in a free market?
To increase consumer spending
To reduce taxes
To eliminate all competition
To maintain order and provide public goods
What is the verb form of the noun 'Distribution'?
(a)
Market economy is driven by consumers whose decisions determine how the industries and financial markets will operate
true
false
What is the main challenge for societies with mixed economies?
Maintaining a purely traditional economy
Eliminating all forms of taxation
Ensuring all resources are privately owned
Finding the right balance between consumer choices and government control
