
Chapter 5 and 6
Authored by Tanaya Thareja
Other
9th Grade

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12 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 10 pts
Which of the following is NOT considered an economic agent?
Households
Firms
The government
The environment
2.
MULTIPLE CHOICE QUESTION
10 sec • 10 pts
What is the main aim of private firms in an economy?
To ensure low prices for consumers
To maximise profit
To provide public goods
To regulate the economy
3.
MULTIPLE CHOICE QUESTION
10 sec • 10 pts
Which economic agent is responsible for regulating the private sector?
Households
Firms
The government
Banks
4.
MULTIPLE CHOICE QUESTION
10 sec • 10 pts
Which of the following statements best explains the connection between microeconomics and macroeconomics?
Microeconomic decisions have no impact on macroeconomic outcomes.
Macroeconomic decisions and microeconomic designs are the same.
Microeconomic decisions may influence the macroeconomy
All of the above
5.
MULTIPLE CHOICE QUESTION
5 sec • 10 pts
What does microeconomics study?
The economy as a whole
The behaviour and decisions of households and firms
The behaviour of the government
None of the above
6.
MULTIPLE CHOICE QUESTION
10 sec • 10 pts
Which of the following is NOT one of the three key allocation decisions?
What to produce?
How to produce it?
How to distribute profits?
Who is to receive the products produced?
7.
MULTIPLE CHOICE QUESTION
10 sec • 10 pts
Which of the following best describes a mixed economy?
An economy where the government owns all resources
An economy where there is no private sector
An economy where only the private sector exists
An economy where both public and private sectors play important roles
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