Economics

Economics

9th - 10th Grade

15 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Business

9th - 10th Grade

Hard

Created by

Irene Tu

Used 60+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economies of scale are the reduction in costs of production achieved through increased output.
True
False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not a cause of internal diseconomies of scale?
Poor communication between different departments
Lack of staff morale and motivation
Less control, direction and coordination of human resources
Late deliveries due to congestion in busy locations

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

External economies of scale can arise from
Bulk purchases of raw materials, parts and components at favourable prices
The introduction and use of advanced technology
Specialised back-up services available in a particular region
Lower interest rates, thus reducing the cost of borrowing to large companies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a firm doubles its use of inputs and finds that output increases by 50%, then it has experienced
Growth
Economies of scale
Diseconomies of scale
Evolution

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a firm increases its use of all factors of production but sees an increase in its average costs, this is a sign of
Internal diseconomies of scale
External diseconomies of scale
External economies of scale
External diseconomies of scale

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is a trade union?

(a) It is an organisation

(b) A group of workers

(c) Trade unions are independent organisations that represent workers to their employers

(d) To register a trade union, you must apply to the Registrar of labour Relations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the roles and responsibilities of Trade union?

(a) Is to ensure the welfare of its members such as safeguarding the interests of its members

( b) Protecting the reliability of its trade.

( c) achieving higher wages by securing economic benefits.

(d) All of the above

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