Economics review Book 12356
Authored by Peggy Lee
Other
12th Grade
Used 2+ times
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34 questions
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1.
FILL IN THE BLANKS QUESTION
2 mins • 1 pt
For borrowers, interest means the (a) paid for earlier consumption.
2.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Advantages for vertical forward expansion
economies of scale
increase market share
ensure the outlet of products
reduce business risk
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When inflation rate is high, which function of money is hurt?
A medium of exchange
A store of value
A unit of account
A standard of deferred payment
4.
OPEN ENDED QUESTION
2 mins • Ungraded
Describe TWO limitations of using real per capita GDP to measure living standard
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5.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Ways to increase labour productivity
import more workers from other countries
provide more education and training
reduce the number of public holidays
more research and development on production methods
provide more non-wage benefits to employees
6.
FILL IN THE BLANKS QUESTION
2 mins • 1 pt
economies of scale means the (a) decreases as output level increases.
7.
OPEN ENDED QUESTION
2 mins • Ungraded
List THREE advantages of public limited company over partnership
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