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Question 1
Question
1. Unemployed worker accepts the job
Which of the following is an opportunity cost of this decision?
Answer
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a. The cost of travel to work
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B. income from the new job
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C. The leisure time lost
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d. The training in the new job
Question 2
Question
A hospital cannot treat all the peoples that need treatment. This is an example as
Answer
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A. Excess supply
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B. Limited wants
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C.Scarcity
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d. Unlimited wants
Question 3
Question
Economic growth in Russia and China used to be led by the public sector. Now it results more from activities in the private sector. However, both sectors are important
Which term describes the current system in Russia and China
Answer
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a. Market
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B. mixed
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C. Planned
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D, subsistence
Question 4
Question
The table shows how employment in five industries changed in a country between 1985 and 2000.
1985 (thousand). 2000 (thousand)
Banking finance. 2336 2881
Distribution and catering 4678. 5323
Extractions of minerals 2278. 1794
Manufacturing 4102. 3128
Transport 2550. 2304
According to the table which type of employment has increased?
Answer
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A. Primary
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b. secondary
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c tertiary
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d total
Question 5
Question
What is necessary for a company to be classified as a multi-national?
Answer
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A. It diversifies it's ranges of products
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b. it exports most of its outputs
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C. It increases it's scale of production
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D. It produces some of it's output in different country
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