Home Library Explore SAT

Home Library Explore SAT

Year 9 Economics Recall Flashcards | StudBud

Explore/Year 9 Economics Recall

Year 9 Economics Recall

10 terms·StudBud Administration·17 plays

Imported from external platform

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
What is the trend in the following graph?
Declining
Gradual increase
Steady increase
Stagnating
2
What is scarcity?
Unlimited wants and needs, and unlimted resources to satisfy them.
Unlimited wants and needs but limited resources to satisfy them.
Limited wants and needs and limited resources to satisfy them.
Limited wants and needs but unlimited resources to satisfy them.
3
What is a decrease in the general price level of goods and services called?
Hyperinflation
Declination
Inflation
Deflation
4
Which one of the following is spelt correctly?
Entreprenuership
Entreprenership
Entreprenureship
Entrepreneurship
5
Which of the following is not a type of unemployment?
Structural
Occasional
Frictional
Cyclical
6
What are the four Factors of Production?
land, labour, capital, ownership
labour, land, demand, opportunity cost
land, labour, capital, entrepreneurship
demand, labour, land, supply
7
What is the income derived from capital?
Wages
Rent
Profit
Interest
8
Which economic system is when economic decisions are guided by the interactions of a country's citizens and businesses?
Mixed economy
Traditional economy
Command economy
Market economy
9
What are the four stages of the economic cycle?
Peak, Contraction, Trough, Expansion
Peak, Expansion, Degradation, Trough
Top, Bottom, Expansion, Defraction
Recession, Concession, Deflation, Inflation
10
Which of the following is not an injection into the economy?
Exports
Government spending
Investment
Imports