Economics ss2
Authored by De College
Financial Education
5th Grade
Used 3+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main concern of economists is to
Allocate scarce resources to satisfy human wants
Satisfy human wants
Redistributed income between the rich and the poor
Control the growth of population
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business outfit is said to be a public limited company when it
Is owned by the government
Operates as public operations
Is run by the public
Sell its shares to the member of the public
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The gap between the demand and supply curve above the equilibrium price is
Normal demand
Excess supply
Equilibrium quantity
Abnormal demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Production resources can also be called
Principle of production
Factors of production
Items of production
Labour and material resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following sectors is most capital intensive?
Insurance
Petroleum
Commerce
Tourism
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following serves as the banker’s bank
Commercial bank
Mortgage bank
The central bank
Development bank
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods for which demand rises as income rises are
complementary goods
Inferior goods
Normal goods
Substitute goods
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