Quiz: Thinking like an Economist - Models and Assumptions
Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
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Welcome to this quiz on thinking like an economist. Test your knowledge with 10 questions!
What does 'ceteris paribus' mean in economics?
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Which of the following are assumptions made in economic models? (Select all that apply)
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Economics studies how {{blank0}} resources are allocated to meet {{blank1}} wants.
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Match the items on the left with their correct pairs on the right
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If a country produces 50 consumer goods and 30 capital goods, what is the total output?
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Which economist is associated with the concept of the division of labour?
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Match the items on the left with their correct pairs on the right
What is the economic problem?
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A {{blank0}} statement describes what is, while a {{blank1}} statement suggests what ought to be.
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Which of the following are key features of the production possibility frontier (PPF)? (Select all that apply)
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