Category: Economics

What would cause a movement along an industry’s supply curve?

Select ONE answer:

1. a change in the price of raw materials
2. a change in the price of a substitute good
3. an improvement in technology
4. the imposition of a sales tax on the industry’s product

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 2

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

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

Given a rate of interest of 20% per year, what is the opportunity cost to an individual of saving an 
additional £1,000 in year 1?

Select ONE answer:

1. an increase in consumption of £1,200 in year 2
2. an increase in consumption of £200 in year 2
3. consumption of £1,000 in year 1
4. consumption of £1,200 in year 1

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 3

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

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

Which of the following statements about trade unions is normative?

Select ONE answer:

1. Since trade unions exist to safeguard the interests of their members, they deserve the legal 
protection of the state.
2. In countries where trade unions are strong, income distribution is more equal.
3. Uneven trade union membership has resulted in a widening of the wage gap between different industries.
4. In industries where trade unions are powerful, technical progress tends to be much slower.

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 the least likely feature of globalisation?

Select ONE answer:

1. integration of trade
2. international capital flows
3. the spread of multinational companies
4. unrestricted movement of labour

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 usually found in a developed country?

Select ONE answer:

1. a high GDP per head with a low level of employment
2. a high level of labour skills with a low level of car ownership
3. a high rate of adult literacy with a low level of poverty
4. a high rate of population growth with a low level of labour productivity

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 3

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

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