Category: Economics

A government subsidised a new factory in a rural area to create jobs. It also provided training courses at a college. Objectors claimed the development would destroy an area of natural beauty.

What concepts are involved in this statement?

Select ONE answer:

1. economic growth, resource allocation, free market equilibrium
2. government intervention, monetary policy, opportunity cost
3. public good, market prices, fiscal policy
4. supply-side policy, negative externalities, factors of production

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

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Using all available resources an economy produces different combinations of two types of good, clothes and food, shown on the production possibility curve (PPC) diagram.

What does the PPC indicate?

Select ONE answer:

1. It is more efficient to produce more of clothes than food.
2. It is only possible to increase the output of clothes by reducing the output of food.
3. The best situation is to produce equal units of clothes and food.
4. The cost of producing a unit of clothes is always higher than the cost of producing a unit of food.

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.

Which ONE of these factors might influence the ability of the UK economy to GROW?

Select ONE answer:

1. The number of economists employed by the government
2. The quality of Michelin-starred London restaurants
3. The UK climate or weather
4. The side of the road which we drive on in the UK

 

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

 

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

Which ONE of these factors might influence the ability of the UK economy to GROW?

Select ONE answer:

1. The number of economists employed by the government
2. The quantity and quality of raw materials
3. The quality of Michelin-starred London restaurants
4. The side of the road which we drive on in the UK

 

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

 

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

Which ONE of these factors might influence the ability of the UK economy to GROW?

Select ONE answer:

1. The level of interest rates
2. The number of economists employed by the government
3. The quality of Michelin-starred London restaurants
4. The side of the road which we drive on in the UK

 

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

 

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