Tag: KS5

Which effect of inflation is described as redistributive?

Select ONE answer:

1. the improvement in the terms of trade
2. the increased reluctance of people to hold money
3. the inconvenience of frequently changing prices
4. the loss of purchasing power of people on fixed incomes

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 would cause a shift in the short-run aggregate supply curve but NOT the long-run aggregate supply curve?

Select ONE answer:

1. advances in technology
2. a change in the money wage rate
3. emigration of people of working age
4. gross investment exceeding depreciation

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.

What is UNLIKELY to occur with an increase in the provision of public goods?

Select ONE answer:

1. consumer non-excludability
2. improved use of resources
3. opportunity cost
4. reduction in tax

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 NOT true about subsidies?

Select ONE answer:

1. They are paid to firms.
2. They have to be paid back.
3. They reduce the cost of production.
4. They shift the supply curve to the right.

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.

Which statement about nationalised and privatised industries is correct?

Select ONE answer:

1. A privatised industry is usually less competitive than a nationalised industry.
2. A profitable private company cannot be nationalised.
3. Privatisation is a form of monetary policy.
4. Privatisation is a way of raising money for the government.

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.