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Nov 2016 General Quiz Year 10 Flashcards | StudBud

Explore/Nov 2016 General Quiz Year 10

Nov 2016 General Quiz Year 10

10 terms·StudBud Administration·28 plays

#factors of production, #gcse, #demand, #supply, #economics

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Questions 10

Answers

1
One statement is true - which?
Competition forces prices up
If the price of bananas rises pineapples will too
Premium bonds are a good way to save for retirement
If the oil price rises plastic prices will probably rise
2
What is interest - is it:
money added to loans or savings
money given at Christmas and birthdays
Cash payments to the bank
Money your receive from your parents
3
Which of the following is a true statement
Workers get paid because the boss likes them
Workers get paid because they add value for the company
Workers get paid because they give up their time
Workers get paid because the company has profits
4
Which of the following is true
pension saving is unnecessary as the state provides one
There is no need to save for a pension until your 40s
The best place to save for a pension is a deposit account
Saving for a pension should start as soon as possible
5
Which of the following is opportunity cost:
Going to Pizza Hut
Choosing to do homework club
Enjoying a nice cold drink on a hot day
Going to the cinema rather than doing homework
6
At what stage in the personal lifecycle are you likely to have the highest income
Young Adult
Middle Adult
Retirement
Late Adult
7
Which of the following is an example of "Capital" as a factor of production
the teachers
the cleaners
A forest
A computer in the school
8
AER is
Annual Express Rate
Annual Exemption Rate
Annual Excitement Rate
Annual Equivalent Rate
9
"Net" is:
Interest income after tax is deducted
Loan costs
A type of interest rate
What you catch fish with
10
The pleasure we get from consuming is called
Happiness
Utility or satisfaction
Pleasure
Enjoyment