Quiz

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 10 questions. Let’s get started!

Multiple ChoiceInteractive

What does the term 'ceteris paribus' mean?

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Multi-SelectInteractive

Which of the following are assumptions made in economic models? (Select all that apply)

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Fill in the BlankInteractive

A {{blank0}} statement describes how the economy should be, while a {{blank1}} statement describes how the economy is.

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MatchingInteractive

Match the items on the left with their correct pairs on the right

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Math EquationInteractive

If a country produces 50 units of capital goods and 100 units of consumer goods, what is the total output?

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Multiple ChoiceInteractive

Which economist is known for advocating free markets and minimal government intervention?

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typedAnswer

Match the items on the left with their correct pairs on the right

Multiple ChoiceInteractive

In the context of economics, what does a production possibility frontier (PPF) show?

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Multi-SelectInteractive

Which factors can cause a shift in the production possibility frontier (PPF)? (Select all that apply)

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Multiple ChoiceInteractive

Which statement is an example of a normative statement?

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