Year 10 Economics Revision
Other
10th Grade
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economic problem states
wants are unlimited but resources are limited
wants are unlimited but resources are unlimited
resources are not scarce
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In return for labour, households earn
wages
profit
interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shift outwards in a PPF shows
an improvement in productive capacity
inefficient resource use
waste
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A need is
necessary for survival
anything you require on a daily basis
the same as a want
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a leakage from the circular flow?
Taxation
Savings
Exports
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an injection to the circular flow?
Taxation
Government spending
Investment
Exports
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Aggregate demand is equal to
C + I + G + (X-M)
C + Y + G + (X-M)
C + P + G + (X-M)
C + I + G + (M-X)
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