Economics

Economics

12th Grade

10 Qs

quiz-placeholder

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Economics

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Assessment

Quiz

Other

12th Grade

Medium

Created by

Crysler Tumale

Used 388+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What do you call to the payment for the use of land?

rent

spending

income

capital

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It refers to income less spending.

taxes

capital

savings

investments

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It is building up the capital stock for more future production and consumption.

interest rate

investments

income

capital

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It can be classified as machineries, equipment, buildings and construction.

spending

savings

capital

assets

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It refers to the lowest wage permitted by law below which if paid by employer will subject him to penalty from the government.

minimum wage

maximum salary

maximum wage

minimum salary

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Payment for public goods and services by citizens.

savings

debt

tax

capital

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It is consumed to fuel day to day expenditures.

debt

spending

capital

investments

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