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Economics Yr 11 Olevel idk help me
Economics Yr 11 Olevel idk help me
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Answers
1
What is a cause of poverty
High birth rate
Discovery of new natural resources
Debt relief
Government corruption
2
Which feature does not make a good money
Divisibility
Appearance
Acceptability
Portability
3
When the price rises from $20 to $30 per kg, what is the price elasticity of demand for coffee?
5.0
0.5
0.2
2.0
4
The diagram shows a shift in the demand curve for table-tennis balls. What is the most likely cause for this shift .
an increase in the membership of table-tennis clubs
the building of more sports clubs providing table-tennis
a fall in the price of the equipment for substitute games
a rise in membership fees of table-tennis clubs
5
Definition of disinflation
Slowing inflation
Increasing deflation
6
Is Cher Alex the best economics teacher
yes
no
both red and blue are correct but red is more correct
yes'nt
7
What is included in the calculation of a consumer prices index (CPI)?
the price of exports and the price of imports
the price of a basket of goods and services
the wages of consumers
the value of the currency on international markets
8
The diagram shows the market for a product. Which statement about the points marked on the diagram is correct?
The distance from W to X shows a shortage of the product.
The distance from Z to Y shows a surplus of the product.
The movement from W to Y shows a fall in the quantity demanded of the product.
The movement from X to Z shows a fall in the quantity supplied of the product.
9
Which feature would be most helpful in identifying a typical developing country?
the level of Gross Domestic Product
the size of geographical area
the size of the population
the rate of rural to urban migration
10
Which function do central banks and commercial banks have in common?
acting as a banker's bank
controlling monetary policy
Dealing with forgein currency
supervising the banking system
11
What is not included in the Multidimensional poverty index(MPI)
Ownership of assets
Number of schools in the area
Flooring
Child mortality
12
What is likely to fall when the rate of unemployment in a country falls?
consumer spending
business confidence
government budget deficit
government revenue from taxes
13
What type of merge happens when a car manufacturer combined with a car retailer
Horizontal merge
Forward vertical merge
Backward vertical merge
Diagonal merge
14
Which is a natural barrier to entry
Exclusive dealing
Legal considerations
Predatory pricing
Restricting supplies to rival firms
15
What would a government reduce as part of an expansionary monetary policy to increase employment?
the money supply
government spending
the rate of interest
unemployment benefit
16
What is likely to lead to an increase in the wages of university lecturers?
government policies reducing the length of the training for university lecturers
increased demand from students to study at university
an increase in the tuition fees paid by university students
an increase in the fringe benefits provided to university lecturers
17
What is not an advantage of international specialization
High consumption of resources
Higher level of output
Increased income
Opportunities for interational trade
18
What is the basic economic problem
Global warming is going to kill us all
unlimited wants, limited resources
Unlimited resources, unlimited wants
unlimited resources, limited wants
19
A power plant is built to provide electricity to a rural area. What is the opportunity cost to the local economy
the price of electricity
the cost of the building materials
the wages of the power plant workers
the school which was not built as a result
20
The Mexican currency has fallen in value against the US dollar. What will be the effect of this on the Mexican economy
a decrease in the price of exports
a decrease in the price of imports
a decrease in volume of exports
a decrease in tariffs on imports
