Economics Multiple Choice Question – 21 April 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Macroeconomics is the branch of economics that studies?

Select ONE answer:

  1. Prices of individual goods.
  2. Important, as opposed to trivial, issues.
  3. The way individual markets work.
  4. The economy as a whole.

What is meant by Capital, land, and labour (Premises) being a factor of production?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 2

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 20 April 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Macroeconomic topics include ………..?

Select ONE answer:

  1. The impact of government regulation of markets.
  2. Nationwide employment.
  3. Studying what factors influence the price and quantity of automobiles.
  4. Studying the determination of wages and production costs in the software industry.

 

What is meant by Enterprise being a factor of production?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 2

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 19 April 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Which of the following is an issue in macroeconomics?

Select ONE answer:

  1. The purchasing decisions that an individual consumer makes
  2. The effect of an increase in the tax on cigarettes on cigarette sales
  3. The hiring decisions that a business makes
  4. The effect of increasing the money supply on inflation

What is meant by the home working motive as an incentive for entrepreneurs?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 18 April 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Which of the following is a macroeconomic issue?

Select ONE answer:

  1. How the UK government budget deficits affect interest rates
  2. The cause of a decline in the price of potato crisps
  3. What determines the amount a firm will produce
  4. How a rise in the price of sugar affects the market for soft drinks

What is meant by the independence motive as an incentive for entrepreneurs?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 1

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 17 April 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Which of the following topics would be studied in microeconomics?

Select ONE answer:

  1. How a tax rate increase will impact total production
  2. Comparing inflation rates across countries
  3. How a trade agreement between the UK and the US affects both nations’ unemployment rates
  4. How rent ceilings impact the supply of apartments

What is meant by the social entrepreneurship motive as an incentive for entrepreneurs?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 16 April 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

The analysis of the behaviour of individual decision-making units is the definition of ………..?

Select ONE answer:

  1. Microeconomics
  2. Macroeconomics
  3. Positive Economics
  4. Normative economics

What is meant by an ethical stance as a non-profit motive as an incentive for entrepreneurs?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 1

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 15 April 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Studying the determination of prices in individual markets is primarily a concern of ………..?

Select ONE answer:

  1. Negative economics
  2. Microeconomics
  3. Positive economics
  4. Macroeconomics

What is meant by a non-profit motive as an incentive?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 2

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.