Economic performance
Quiz
•
Other
•
10th Grade
•
Hard
Peter Evans
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8 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT an economic objective of a government?
Economic growth
Low inflation
Low employment
Low unemployment
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Economic growth can be indicated on the PPF model by a
movement along the PPC.
rightward shift of the PPC.
leftward shift of the PPC.
movement from a point inside the PPC to the PPC.
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Economic growth is best defined as an increase in the
capacity of the economy to satisfy more wants.
capacity of the economy to produce resources.
volume of goods produced in an economy.
money supply in an economy.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Gareth has lost his sales job because of a fall in demand due to rising unemployment. He is considered to be
structurally unemployed.
cyclically unemployed.
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Oobi Doobi has a population of 20 million, 10 million are employed and 1 million are unemployed. The unemployment rate is
10%
5%
1%
9%
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sophia has lost her factory job producing music CDs because people are downloading from the internet rather than buying CDs. She is considered to be
structurally unemployed.
cyclically unemployed.
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Inflation means
the economy is rising.
the price of a good has increased.
the general level of prices has increased.
the economy is performing well.
8.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A benefit of low inflation is that
people on fixed incomes have a lower standard of living.
the cost of living falls.
Australia's international competitiveness improves.
prices rise by only a small amount.
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