Economics Quiz

What is the assessment type for economics assignment?

• Multiple-choice test

• Oral presentation

• Report - 800 to 1000 words

• Group project

How much time is allocated for the completion of the Economics report?

• 2 Weeks

• 3 Weeks

• 4 Weeks

• 5 Weeks

Which cognitive verb means "Give the precise meaning of a word, phrase or concept"?

• Describe

• Identify

• Define

• Evaluate

What does the cognitive verb "Evaluate" mean?

• Form an opinion or draw a conclusion about the value or significance of something based on information and sources.

• Give a detailed account of a situation, event, pattern or of the characteristics or features of something.

• Investigate, inspect or scrutinise carefully; inquire or search into.

• Give valid reasons and evidence to support an answer.

What is the expectation regarding homework for the Economics report?

• Homework will be set regularly.

• Homework will not be set (expectation is to work on assignment).

• Homework will be optional.

• Homework will be set only on weekends.

Which cognitive verb means "Put forward (a recommendation) for consideration or action"?

• Justify

• Propose

• Examine

• Identify

What is Sam's annual salary after tax?

• $65,000

• $5,420

• $50,000

• $70,000

How much does Sam earn per month after tax?

• $5,420

• $4,500

• $6,000

• $5,000

Where will Sam be working?

• Brisbane CBD

• Sydney CBD

• Melbourne CBD

• Perth CBD

How much does Sam need to save for their holiday to Fiji?

• $5,000

• $3,000

• $4,000

• $6,000