
economics

Quiz
•
Business
•
10th Grade
•
Medium
Tr. Khine Zar Thwe
Used 1+ times
FREE Resource
66 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Of the four factors of production, which of these are not a factor of production?
Land
Capital
Development
Labour
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which event would cause an increase in demand for train tickets?
A decrease in population
An decrease in the price of bicycles
An decrease in disposable income
More advertising by the rail companies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a complement ?
Being nice to someone
A good that is used in place of something
A luxury good
A good that is demanded together
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by contraction in Demand?
A reduction in demand due to a rise in the price of the product
A reduction in demand due to a fall in the income of the population
A rise in demand due to a rise in the price of a substitute product
A rise in demand due to a fall in the price of a complement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does an economist mean by capital?
the coordination of the factors of production
natural resources that will not be replaced
using workers to work in firms
Machines, tools and factories
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is scarcity?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The want or willingness a consumer has to purchase a good or a service is called?
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