A Level Economics Quiz 2019 Part 1

15 Questions

Quiz Description

Economics is a social science that examines how people choose to use limited or scarce resources in attempting to satisfy their unwanted wants. This branch of social science also deals with how the forces of demand and supply allocate scarce resources.

With the aim of helping Advance level students prepare for the CGCE A-level Economics exams, we have chosen the recent year of 2019 paper 1questions, to test students. This quiz will determine how prepared they are for the upcoming exams. This quiz is made up of a total of 15 questions, with each question having four possible answers and of which only one is correct among them. The quiz entails topics treated in the Advanced level syllabus.

Some of these topics include “economic system, demand” etc.Upon completion of this quiz, you can move on to the next session. The next quiz is the continuation of the year 2019 and it also contains 15 questions.

1:

Which of the following is a normative statement?


Correct
  • 1:
    Which of the following is a normative statement?
  • 2:
    Higher taxes lead to less desire to work
  • 3:
    Cameroon is more developed than other CEMAC economies
  • 4:
    The Cameroon government ought to reduce unemployment
2:

An economic system in which the government regulates private sector economic activities is called:


Correct
  • 1:
    Mixed economy
  • 2:
    Planned economy
  • 3:
    Centralized economy
  • 4:
    Command economy
3:

This question is based of figure 1 below showing the PPC of a given economy

Letter Z represents which of the following alternatives?


<p> This question is based of figure 1 below showing the PPC of a given economy </p><p> Letter Z represents which of the following alternatives? </p>
Correct
  • 1:
    Minimum production of Agricultural goods
  • 2:
    Maximum production of Capital goods
  • 3:
    Minimum production of Capital goods
  • 4:
    Maximum production of Agricultural goods
4:

Which of the following is an example of horizontal integration?


Correct
  • 1:
    A restaurant chain merges with a mushroom farm
  • 2:
    A wholesaler merges with a retail outlet
  • 3:
    Two restaurant chains merge
  • 4:
    An oil company merges with a petrol station
5:

A firm is said to be at its most efficient size when:


Correct
  • 1:
    Diminishing return set in
  • 2:
    Increasing returns set in
  • 3:
    Average output equals marginal product
  • 4:
    Average output is less than marginal output
6:

In which type of business organization are profits shared according to how members promote the business?


Correct
  • 1:
    Cooperative Societies
  • 2:
    Private Limited Companies
  • 3:
    Public Limited Companies
  • 4:
    Partnerships
7:

Economies of scale are associated with falling:


Correct
  • 1:
    Average costs in the short run
  • 2:
    Average costs in the long run
  • 3:
    Marginal costs in the short run
  • 4:
    Marginal costs in the long run
8:

The term “production explosion “refers to:


Correct
  • 1:
    Sudden dispersion of population
  • 2:
    Mass population of movement
  • 3:
    Sudden population increase
  • 4:
    Overpopulation
9:

According to the Malthusian theory of population, population and food production grow, for example, respectively at:


Correct
  • 1:
    5,15,20,25, and 3, 6, 12, 24
  • 2:
    3, 6, 12, 24, and 5, 15, 20, 25
  • 3:
    2, 4, 8, 16, and 1, 2, 3, 4
  • 4:
    1, 2, 3, 4, and 1, 2, 4, 6
10:

The quantity demanded by coffins will be affected by the:


Correct
  • 1:
    Death rate
  • 2:
    Advertisement of coffins
  • 3:
    Income of mourners
  • 4:
    Price of coffins
11:

When price elasticity of demand is unity, any change in price:


Correct
  • 1:
    Leaves TR unchanged
  • 2:
    Increases TR
  • 3:
    Decreases TR
  • 4:
    Keeps TR fluctuating
12:

A decrease in supply will lead to a rise in price and:


Correct
  • 1:
    A fall in quantity demanded
  • 2:
    A fall in quantity supplied
  • 3:
    A fall in demand
  • 4:
    An extension in supply
13:

When a cross elasticity of demand is negative, it means that the two goods are:


Correct
  • 1:
    Complements
  • 2:
    Derived
  • 3:
    Independent
  • 4:
    Substitutes
14:

This question is based on figure 2 below.

If the government removes the tax on the product and as a result, supply increases from S to S1, by how much will government tax revenue fall?


<p> This question is based on figure 2 below. </p><p> If the government removes the tax on the product and as a result, supply increases from S to S1, by how much will government tax revenue fall? </p>
Correct
  • 1:
    480
  • 2:
    320
  • 3:
    800
  • 4:
    120
15:

This question is based on table below

The price of 350 FCFA per kg could be considered as:


<p> This question is based on table below</p><p> The price of 350 FCFA per kg could be considered as: </p>
Correct
  • 1:
    Black market price
  • 2:
    Floor price
  • 3:
    Minimum price
  • 4:
    Maximum price

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A Level Economics Quiz 2019 Part 1
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