Category: Economics

Which group may be disadvantaged by the introduction of division of labour?

Select ONE answer:

1. consumers who prefer standardised goods
2. companies where the production process has many sub-divisions
3. the government, if the product is taxed
4. workers who prefer a variety of tasks

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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

What is the opportunity cost to a fully employed economy of increasing capital investment?

Select ONE answer:

1. a fall in consumption
2. a fall in income
3. a rise in saving
4. a rise in the rate of interest

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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

What is most likely to be increased by a policy of increased direct taxes and lower government spending?

Select ONE answer:

1. the balance of payments deficit
2. the budget deficit
3. the rate of inflation
4. the level of unemployment

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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

When might the effectiveness of fiscal expansion in increasing the level of output be REDUCED?

Select ONE answer:

1. when it leads to the appreciation of the currency
2. when it results in an increase in the price of government bonds
3. when it is accompanied by an increase in the money supply
4. when the price level remains unchanged

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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

What is most likely to result from foreign direct investment in developing economies?

Select ONE answer:

1. a deterioration in the visible trade balances of developing economies
2. a reduction in migration to urban areas
3. a reduction in the transfer of technology to developing economies
4. a rise in per capita levels of consumption in developing economies

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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