期末考试高一Word文件下载.docx

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期末考试高一Word文件下载.docx

1.WhichofthefollowingBESTdescribesthebasiceconomicproblem?

aLimitedneedsandunlimitedresources

bUnlimitedwantsandscarceresources

cLimitedincomesandspendingpower

dUnlimitedchoicesofconsumergoods

2.Whichofthefollowingisaman-maderesource?

aAproductionworker

bAforest

cAfieldofwheat

dAfactory

3.WhichofthefollowingisNOTafactorofproduction?

aLand

bMoney

cEnterprise

dCapital

4.Whichofthefollowingistherewardtolabour?

aProfit

bWages

cRevenue

dEmployment

5.WhichofthefollowingisNOTascarceresource?

aAir

bLand

cMoney

dOil

 

6.Whichofthefollowingdescribesacountrywithamixedeconomy?

aGoodsandservicesareprovidedbyprivatecompanies

bGoodsandservicesareprovidedbythegovernment

cGoodsandservicesareprovidedbyprivatecompaniesandbythegovernment

dGoodsandservicesareprovidedbyindividualsandbycompanies

7.Whichofthefollowingdescribestheeconomicaimofsellersofgoodsandservices?

aAwiderangeofgoodsonoffer

bAproductmadefrombest-qualitymaterials

cAhigh-costadvertisingcampaign

dAhighpricetoprovideprofitforthebusiness

8.Whatiseffectivedemandforagoodorservice?

aAwant,backedupbymoneytopurchasetheitem

bAneed,byallconsumersdesiringtheitem

cAdemanddependingonlevelofincome

dAdemandbyonegroupofconsumers

9.Whatdoesatypicalsupplycurveshowabouttherelationshipbetweentheamountsuppliedofaproductanditsprice?

aFirmswillsupplymoreatalowerprice

bConsumerswillbuymoreatahigherprice

cFirmswillsupplymoreatahigherprice

dConsumerswillbuymoreatalowerprice

10Whichoneofthefollowingpairsofproductsareinjointsupply?

aPotatoesandmaize

bBeefandleather

cCDsandCDplayers

dCarsandtyres

11.Whatdoestheequilibriumpriceinamarketshow?

aThepriceatwhichacompanywillgetthehighestnumberofsales

bThepriceatwhichquantitysuppliedisequaltoquantitydemanded

cThepriceatwhichthemostprofitwillbemade

dThepriceatwhichallproductioncostswillbecovered

12.Whichofthefollowingwouldcausethedemandcurveforchocolatebarstoshifttotheright?

aAdecreaseinthepriceofthechocolatebars

bAdecreaseinthepriceofcocoabeans

cA’chocolateisgoodforyourhealth’advertisingcampaign

dAhealthscareaboutthedangersofeatingtoomuchsweetfood

13.Thepriceelasticityofdemand(PED)foraproductisestimatedat-1.5.Thecurrentlevelofsalesis1,000perweek.IfthePEDestimateiscorrectandthepriceoftheproductincreasesfrom£

2to£

2.40,whatwillbethenewweeklylevelofsales?

a700

b1,300

c800

d900

14.WhichofthefollowingisNOTanexampleofameritgood?

aliteracyeducation

bMobiletelephone

cFamilyplanningadvice

dMosquitonet

15.Whichofthefollowingisanexampleofa

aProvisionofessentialmedicines

bRecyclingplasticbottles

c8uildingcommunityfacilities

dPollutionfromafactory

16.Whatdoesthephraseamediumofexchangemeanwhendescribingafunctionofmoney?

aPriceofanitemcanbemeasuredintermsofmoneyunits

bMoneyisagenerallyacceptedmeansofpayment

cYoucansavemoneybecauseitkeepsitsvalue

dBorrowersknowhowmuchtheyneedtopaybackonaloan

17.WhichofthefollowingisNOTafunctionofacommercialorretailbank?

aActingasbankertothegovernment

bKeepingmoneyandvaluableitemssafe

cLendingmoneytopeopleandbusinesses

dPayinginteresttosavers

18.Accordingtoeconomictheory,whymightalawyergetpaidmorethanashopkeeper?

aAlowdemandforandahighsupplyoflabour

bAhighdemandforandhighsupplyoflabour

cAhighdemandforandalowsupplyoflabour

dAlowdemandforandlowsupplyoflabour.

19.WhichofthefollowingisNOTadifferencebetweenthespendingandsavinghabitsofhigh-incomeandlow-incomefamilies?

aHigh-incomeearnersspendmorethanlowincomeearners.

bHigh-incomeearnersspendabiggerproportionoftheirincomeonessentials

cLow-incomeearnerssavelessthanhigh-incomeearners

dLow-incomeearnerssuffermorewhenpricesarerising

20.Whichofthefollowingisabenefittoanemployeeoftradeunionmembership?

aUnionmaystrikeandhaltproduction

bRisingwagesleadingtorisingprices

cEaseofnegotiationwithoneunionofficial

dSupportinthecaseofagrievanceatwork

21.Whicho

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