Tag: A-Level

A manufacturer’s ability to increase his output in the short run will be greater

Select ONE answer:

1. if labour is immobile.
2. if the product is perishable.
3. if there is spare capacity.
4. if unemployment is low.

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.

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.