A Level Economics Quiz 2020 Part 1

Which of the following production possibilities curves indicates increasing opportunity costs?

Which of the following is the main reason for carrying out economic activity in a
subsistence economy?

A necessary condition for a mixed economy is that there are:

This question
is based on the item below:

i) Mineral deposits

ii) Plantations

iii) Lakes

iv) Grinding mills

form the above, land consists of:

For division of labour to be successfully implemented by a travel agency, the various related services need to be:

This question is based on the following items

i. Shares are quoted in the stock exchange market

ii. Has limited liabilities

iii. Publishes annual balance sheet

iv. Possesses a trading certificate.

The above characteristics apply to which of the following business units?

This question is based on figure 1 below.

Which of the following movement illustrates forward vertical integration?

Given the total number of people and total output for an area over time, which of the following can such data help you to determine?

Positive checks according to the Malthusian population doctrine suggest that
population can be controlled by:

Which of the following explains why a fall in price form 150 FCFA to 50 FCFA raises quantity demanded from 10 units to 20 units?

The demand for a good is said to be fairly inelastic if the value of its price
elasticity is:

Why is the Sa portion of the above curve negatively-sloped?

High price makes supply very profitable

A situation in which price is reduced and total revenue instead falls, suggests that demand for the good is:

Given that at the price of 8 FCFA, quantity demanded is 50 units and price elasticity of demand is 0.8. if price increases to 12 FCFA, what will be the change in
quantity demanded?

When the supply of an agricultural product is inelastic while its demand is fairly elastic, it will lead to: