
Economics yr 11

Quiz
•
Business
•
7th Grade
•
Hard
Nwankwo Chinwe
Used 2+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Short-term loans for investment are usually obtained through the
stock market
development market
money market
capital market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A major obstacle to the development of Nigeria economy is
over dependence on oil
poor developmental policies
urban-rural migration
high capital formation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A change from one industry to another by a worker is an example of
geographical mobility
professional advancement
vertical mobility
horizontal mobility
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The precautionary demand for money is determined by
the level of employment
the level of savings
general price level
the rate of inflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An inflation that co-exists with high rate of unemployment is
stagflation
cost-push inflation
demand-pull inflation
hyperinflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The choice of how to produce in a command economy is determined by
government
suppliers
industrialists
labour union
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In capitalist economies, questions about what to produce are ultimately answered by
investment decisions of firms
consumer preferences
output decisions of firms
holding decision of household
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