G9 Econ: Review Quiz for 1st Sem Exam
Quiz
•
Social Studies
•
9th Grade
•
Medium
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
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
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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