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AS Economics Dec Revision Flashcards | StudBud
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AS Economics Dec Revision
AS Economics Dec Revision
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AS Eco Micro Revision
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
An inward shift in the PPF illustrates:
Negative economic growth
Improved technology
Negative externalities
Increased resources
2
"Good King Wenceslas looked out on the feast of Stephan". In which country was he king ?
Czech Republic
Croatia
Serbia
Estonia
3
The socially optimum levels of output is when:
MSB=MPC
MPC=MPB
MSB=MSC
MSC=MPC
4
Which country is Eggnog said to have originated from?
Wales
Scotland
England
France
5
In the short run, a firms capacity...
Is very elastic
Changes massively
Is fixed
Is variable
6
The 2013 fantasy film
Frozen
was inspired by which Hans Christian Andersen's fairy tale?
The Snow Queen
Narnia
Beauty and the Beast
Hansel and Gretal
7
If
you add together all of the gifts in the ‘The 12 Days of Christmas’, you get 363 gifts?
True
False
8
Which of the following is an example of why consumers do not act rationally?
Habitual behaviour
Costs
Prices
Economies of scale
9
Who invented the Christmas cracker?
Thomas Smithers
Thomas Jones
Thomas Brown
Thomas Smith
10
Which of the following is not an economic agent?
Governments
Producers
Consumers
World economies
11
Which of the following is not a belief of Adam Smith?
Motivation by self interest
Profit maximisers would exploit workers
Believer of the free market
The invisible hand
12
Which of the following is not a disadvantage of a free market economy?
Entrepreneurship
Inequalities
Non profitable goods
Monopolies
13
What is the name of the traditional Italian Christmas cake?
Bruschetta
Panettone
Brioche
Croissant
14
Marzipan is made mainly from sugar and the flour or meal of which nut?
Peanuts
Brazil nuts
Hazelnuts
Almonds
15
In which country were Christmas trees first used to decorate homes?
Norway
Germany
Belgium
Sweden
