Tag: KS5

Which of the following is a macroeconomic issue?

Select ONE answer:

1. How the UK government budget deficits affect interest rates
2. The cause of a decline in the price of potato crisps
3. What determines the amount a firm will produce
4. How a rise in the price of sugar affects the market for soft drinks

What is meant by the independence motive as an incentive for entrepreneurs?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 1

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

Which of the following topics would be studied in microeconomics?

Select ONE answer:

1. How a tax rate increase will impact total production
2. Comparing inflation rates across countries
3. How a trade agreement between the UK and the US affects both nations’ unemployment rates
4. How rent ceilings impact the supply of apartments

What is meant by the social entrepreneurship motive as an incentive for entrepreneurs?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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

The analysis of the behaviour of individual decision-making units is the definition of ………..?

Select ONE answer:

1. Microeconomics
2. Macroeconomics
3. Positive Economics
4. Normative economics

What is meant by an ethical stance as a non-profit motive as an incentive for entrepreneurs?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 1

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

Studying the determination of prices in individual markets is primarily a concern of ………..?

Select ONE answer:

1. Negative economics
2. Microeconomics
3. Positive economics
4. Macroeconomics

What is meant by a non-profit motive as an incentive?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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

In broad terms, the difference between microeconomics and macroeconomics is that?

Select ONE answer:

1. Microeconomics studies the effects of government taxes on the national unemployment 
rate.
2. Macroeconomics studies the effects of government regulation and taxes on the price of 
individual goods and services whereas microeconomics does not.
3. They use different sets of tools and ideas.
4. Microeconomics studies decisions of individual people and firms and macroeconomics 
studies the entire national economy.

What is meant by profit as an incentive?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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