Quiz: Thinking Like an Economist - Models and Assumptions

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

11 Steps9 Questions

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Welcome to this quiz on thinking like an economist! Test your understanding of models and assumptions with these 10 questions.

Multiple ChoiceInteractive

Which term refers to the assumption that all other factors remain unchanged?

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Multi-SelectInteractive

Which of the following are examples of scarce resources? (Select all that apply)

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Fill in the BlankInteractive

Economists use models to {{blank0}} the real world by making {{blank1}}.

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MatchingInteractive

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Math EquationInteractive

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Multiple ChoiceInteractive

What does a point inside the production possibility frontier represent?

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Multi-SelectInteractive

Which statements about positive and normative economics are correct? (Select all that apply)

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typedAnswer

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Multiple ChoiceInteractive

Who is known for introducing the concept of division of labour?

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MatchingInteractive

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