Economics yr 11

Economics yr 11

7th Grade

40 Qs

quiz-placeholder

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Economics yr 11

Economics yr 11

Assessment

Quiz

Business

7th Grade

Hard

Created by

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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