Economics section A
This is based on all choice questions from unit 1 of microeconomics. Most of these questions are from many different past papers.
- Created by: MariaLouise_16
- Created on: 30-11-13 12:51
Other questions in this quiz
2. What are the two only free goods?
- Fuel and water.
- Sunlight and air.
- Paper and wood.
- Chocolate and Phones.
3. Which one of the following is a positive economics statement?
- Nurses working the National Health service should be on a maximum working week of 50 hours per week.
- The rate of unemployment is too high.
- The extent of income inequality in the United Kingdom has increased over the last 30 years.
- The national minimum wage rate should be increased to £5 per hour for all workers.
4. A decision by the government to introduce and expansionary fiscal policy would be less likely to succeed in reducing unemployment if a country had
- a high level of business and consumer confidence.
- a high level of cyclical unemployment and spare capacity.
- a high marginal propensity to import.
- a fixed exchange rate.
5. The level of capital investment spending by private sector businesses tends to vary ______ with interest rates and ______ with business confidence
- negatively, negatively
- positively, negatively
- negatively, positively
- positively, positively
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