Economics Multiple Choice Question – 14 April 2018

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

In broad terms, the difference between microeconomics and macroeconomics is that?

Select ONE answer:

  1. Microeconomics studies the effects of government taxes on the national unemployment 
rate.
  2. Macroeconomics studies the effects of government regulation and taxes on the price of 
individual goods and services whereas microeconomics does not.
  3. They use different sets of tools and ideas.
  4. Microeconomics studies decisions of individual people and firms and macroeconomics 
studies the entire national economy.

What is meant by profit as an incentive?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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