Eco SS3 2nd Term
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1 / 60
Privatization means?
2 / 60
Unemployment caused by lack of demand for labour is called _____
3 / 60
A firm that is the only producer of a commodity operates under
4 / 60
Infrastructure developments helps economic growth by:
5 / 60
A high Gini coefficient indicates
6 / 60
Balance of payment crisis occurs when?
7 / 60
Which of the following is NOT a component of HDI?
8 / 60
Which indicators measures both income and social factors in development?
9 / 60
Which market structure has many buyers and sellers?
10 / 60
Which of the following causes increase in demand
11 / 60
Vision 2030 is an example of:
12 / 60
Which sector is dominant in developing economies
13 / 60
Which of the following is a benefit economic growth?
14 / 60
The cost that does not change with output is
15 / 60
Demand is said to be perfectly inelastic when
16 / 60
One advantage of globalization is:
17 / 60
Which of the following is not a factor of production?
18 / 60
Which of the following factors would most likely increase the supply of labour.
19 / 60
A budget deficit occurs when _____
20 / 60
Commercial banks mainly accept _____
21 / 60
Opportunity cost refers to
22 / 60
Green economy promotes:
23 / 60
The IMF primarily provides
24 / 60
The term 'inclusive' growth means:
25 / 60
Economic reform is aimed at:
26 / 60
One goal of monetary reform is to:
27 / 60
Supply refers to
28 / 60
A movement along the demand curve is caused by
29 / 60
A demand curve normally slopes downwards because
30 / 60
International aid can be in the form of:
31 / 60
Division of labour leads to _______
32 / 60
A favourable balance of trade occurs when _____
33 / 60
Elasticity of demand measures
34 / 60
Economics is best defined as the study of how ______
35 / 60
Key features of economic development is :
36 / 60
Which of the following best define economic growth ?
37 / 60
Which sector extracts natural resources?
38 / 60
A major challenge to economic development in many countries is :
39 / 60
Marginal cost is
40 / 60
The reward for Labour is
41 / 60
One major objective of structural adjustment programme (SAPs) is to :
42 / 60
One criticism of SAPs is that:
43 / 60
Which of the following is a feature of monopoly?
44 / 60
Diversification of the economy reduces
45 / 60
Equilibrium price is determined by
46 / 60
The population that is capable of working is called _____
47 / 60
Balance of trade refers to _____
48 / 60
Economic development involves _____
49 / 60
Human capital includes?
50 / 60
The sustainable development goals(SDGD) where initiated by
51 / 60
The law of supply states that
52 / 60
The central bank controls _____
53 / 60
One challenge of implementing national plans is :
54 / 60
A progressive tax is one in which _____
55 / 60
Money performs the function of _____
56 / 60
Foreign direct investment(FDI) refers to :
57 / 60
Inflation refers to _____
58 / 60
Which institution provides loans for the developing countries for Development projects ?
59 / 60
A characteristics of developed countries is :
60 / 60
Wages are determined by:
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The average score is 46%
