G9 Econ: Review Quiz for 1st Sem Exam

G9 Econ: Review Quiz for 1st Sem Exam

9th Grade

24 Qs

quiz-placeholder

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G9 Econ: Review Quiz for 1st Sem Exam

G9 Econ: Review Quiz for 1st Sem Exam

Assessment

Quiz

Social Studies

9th Grade

Medium

Created by

Ralph Pakinkin

Used 6+ times

FREE Resource

24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following persons makes macroeconomic decicions?

a pilot of a reputable airline company

the vice president of a country

the boss of a chocolate factory

a shareholder of a firm

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following persons makes microeconomic decicions?

the vice president of a country

the boss of a chocolate factory

the finance minister of the government

the senators discussing about better taxation

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What is most likely the cause of the shift in this supply curve?

an increase in the tax on petrol

an increase in the cost of manufacturing cars

an decrease in the wages/salary of workers

increase in the price of raw materials

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fundamental economic problem?

surplus of goods

reources are scarce

introduction of new inventions

companies not having income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production below does not match its intended income?

capital - interest

enterprise - profit

work - dividends

land - rent

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an aim of macroeconomics?

full employment

a business is functioning well

better consumer advertisements

supplying more computers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the effect if economy moves from point C to point D?

different goods are produced

resources are not used properly

GDP goes down

investment increases

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