A Level Economics Quiz 2018 Part 2

15 Questions

Quiz Description

An English economist defined economics “as the science which studies human behavior as a relationship between (given) ends and scarce means which have alternative uses. “In other words, economics is the science of economizing.

Coming to its side of studies, economics can be characterized as one of the main great subjects that influences the economy of the world. After recognizing the challenges that come with the preparation of these subjects, we have decided to render students a challenge of solving quizzes that are exam oriented.

This particular quiz comprises questions of June 2018 A-level Economics. With these past questions students will have a familiarity of how questions are set during the CGCE/or any other examination. The questions cover a wide range of topics such as demand, market, consumption etc. After going through all the questions, we are confident that students are now going to have confidence when going in for the exam.

If you did enjoy this quiz, you can attempt more questions here. You can also visit our websites to gain more materials.

1:

What will cause the demand for holiday accommodation to shift to the left?


Correct
  • 1:
    Conducive weather
  • 2:
    Poor weather
  • 3:
    Removal of sales tax on holiday accommodation
  • 4:
    Relaxation in planning controls on hotel construction
2:

Figure 5 represents the costs and revenue situations of a firm under imperfect
competition.

Which of the following is the break-even point?


<p>Figure 5 represents the costs and revenue situations of a firm under imperfect<br/>competition. </p><p> Which of the following is the break-even point? </p>
Correct
  • 1:
    S
  • 2:
    T
  • 3:
    U
  • 4:
    V
3:

In the monopoly market, the downward sloping demand curve implies that:


Correct
  • 1:
    P
  • 2:
    P>MR
  • 3:
    P=MR
  • 4:
    P=AC
4:

The mobile telephone market in Cameroon is dominated by four firms. This is an
example of


Correct
  • 1:
    collusive oligopoly
  • 2:
    imperfect oligopoly market
  • 3:
    perfect oligopoly
  • 4:
    natural oligopoly
5:

The oligopolistic demand curve that is both elastic and inelastic to price rises
and price falls respectively is known as a:


Correct
  • 1:
    Kinked demand curve.
  • 2:
    demand curve with regression at the top
  • 3:
    demand curve with regression at the bottom.
  • 4:
    backward bending demand curve
6:

Figure 6 shows the costs situation of a given firm.

What is the average variable cost of producing 8 kilograms?


<p>Figure 6 shows the costs situation of a given firm. </p><p> What is the average variable cost of producing 8 kilograms? </p>
Correct
  • 1:
    50 FCFA.
  • 2:
    75 FCFA
  • 3:
    600 FCFA
  • 4:
    400 FCFA
7:

An employee works a few hours of overtime, increasing his earnings after tax by
20,000 FCFA. This is an example of:


Correct
  • 1:
    transfer earnings
  • 2:
    transfer payments
  • 3:
    wage drift.
  • 4:
    rent of ability
8:

What is the yield on an undated 6% government bond with a nominal value of 800,000 FCFA and a current market value of 600,000 FCFA?


Correct
  • 1:
    0.45%
  • 2:
    4.5%
  • 3:
    6.0%
  • 4:
    8.0%
9:

The following values are extracted from the national income account of a country.

GDP at market price = 318 million FCFA

GNP at factor cost = 322 million FCFA

Net property income from abroad = 6 million FCFA

Capital consumption = 50 million FCFA

What is the value of the net national product?


Correct
  • 1:
    328 million FCFA
  • 2:
    274 million FCFA
  • 3:
    278 million FCFA
  • 4:
    272 million FCFA
10:

The following describe economic activities which are not officially registered in
government statistics EXCEPT:


Correct
  • 1:
    the hidden economy.
  • 2:
    the black economy.
  • 3:
    underdeveloped economy.
  • 4:
    the underground economy
11:

__________is national income minus personal taxes plus transfer payments.


Correct
  • 1:
    Induce consumption
  • 2:
    Consumption level.
  • 3:
    Average propensity to consume.
  • 4:
    Marginal propensity to consume.
12:

What does the slope of the consumption curve represent?


Correct
  • 1:
    Induce consumption
  • 2:
    Consumption level
  • 3:
    Average propensity to consume
  • 4:
    Marginal propensity to consume.
13:

Which of the following is a condition for income to be in equilibrium in a closed and
governed economy?


Correct
  • 1:
    Y = C + S + I
  • 2:
    Y = C + I + G
  • 3:
    Y = C + S
  • 4:
    Y = C + I
14:

Due to a change in the rate of spending, the following series of
cash flow is observed: 600 million + 480 million + 384
million + ... What is the value of the multiplier?


Correct
  • 1:
    0.2
  • 2:
    0.8
  • 3:
    1.25
  • 4:
    5
15:

The principle which seeks to explain the relationship between increase in capital
investments the economy and change in total output is described as the:


Correct
  • 1:
    accelerator principle.
  • 2:
    marginal efficiency of capital principle
  • 3:
    multiplier principle.
  • 4:
    accelerator-multiplier principle.

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A Level Economics Quiz 2018 Part 2
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