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Price System, Microeconomy: Consumer Theory

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Topic Questions (MCQ – EASY): Utility

Topic Questions (MCQ – HARD): Utility

Topic Questions (MCQ – EASY): Indifference curves and budget lines

Topic Questions (MCQ – HARD): Indifference curves and budget lines

Price System, Microeconomy: Efficiency and market failure, Private costs and benefits, externalities and social costs and benefits

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Topic Questions (MCQ – EASY): Efficiency

Topic Questions (MCQ – HARD): Efficiency

Topic Questions (MCQ – EASY): Market failure

Topic Questions (MCQ – HARD): Market Failure

Topic Questions (MCQ – EASY): Private costs and benefits, externalities and social costs and benefits

Topic Questions (MCQ – HARD): Private costs and benefits, externalities and social costs and benefits

Price System, Microeconomy: Types of cost, revenue and profit, short-run and long-run production

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Topic Questions (MCQ – EASY): Production, Costs, (Dis)Economies of Scale

Topic Questions (MCQ – HARD): Production, Costs, (Dis)Economies of Scale

Topic Questions (MCQ – EASY): Revenue, Profit

Topic Questions (MCQ – HARD): Revenue, Profit

Price System, Microeconomy: Different market structures

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Topic Questions (MCQ – EASY): Market Structure

Topic Questions (MCQ – HARD): Market Structure

Price System, Microeconomy: Growth and survival of firms; Differing objectives and policies of firms

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Topic Questions (MCQ – EASY): Growth (Size), Objectives of Firms

Topic Questions (MCQ – HARD): Growth (Size), Objectives of Firms

Government MICROeconomic intervention

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Topic Questions (MCQ – EASY): Government policies to correct market failure

Topic Questions (MCQ – HARD): Government policies to correct market failure

Topic Questions (MCQ – EASY): Government policies to promote equity

Topic Questions (MCQ – HARD): Government policies to promote equity

Labour market forces and government intervention

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Topic Questions (MCQ – EASY): Labour market forces, MRP theory

Topic Questions (MCQ – HARD): Labour market forces, MRP theory

Macroeconomy: circular flow of income

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Topic Questions (MCQ – EASY): Circular Flow of Income, Multiplier

Topic Questions (MCQ – HARD): Circular Flow of Income, Multiplier

Macroeconomy: Economic growth and sustainability, Employment, Money and banking

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Topic Questions (MCQ – EASY): Economic growth and sustainability

Topic Questions (MCQ – HARD): Economic growth and sustainability

Topic Questions (MCQ – EASY): Unemployment

Topic Questions (MCQ – HARD): Unemployment

Topic Questions (MCQ – EASY): Money Market

Topic Questions (MCQ – HARD): Money Market

Government MACROeconomic intervention

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Topic Questions (MCQ – EASY): A2 Macro Intervention

Topic Questions (MCQ – HARD): A2 Macro Intervention

International economic issues

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Topic Questions (MCQ – EASY): A2 Balance of Payments, Policies

Topic Questions (MCQ – HARD): A2 Balance of Payments, Policies

Topic Questions (MCQ – EASY): A2 Exchange Rate

Topic Questions (MCQ – HARD): A2 Exchange Rate

Topic Questions (MCQ – EASY): Economic Development, Indicators of Living Standards

Topic Questions (MCQ – HARD): Economic Development, Indicators of Living Standards

Topic Questions (MCQ – EASY): Developing and Developed Countries

Topic Questions (MCQ – HARD): Developing and Developed Countries

Topic Questions (MCQ – EASY): Globalisation, Trading Blocs

Topic Questions (MCQ – HARD): Globalisation, Trading Blocs

CAIE A2 Economics – Topic Questions

Overview
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Content

Check the study notes for Economic growth and sustainability

What is the most likely factor to contribute to a decrease in a country's long-term economic growth rate?

an aging population

increased influx of immigrants

reduction in the government's budget deficit

decline in the agricultural sector's contribution to the country's GDP

What is the most appropriate description of sustainable economic development?

a long-term increase in the real output of an economy

a long-term improvement in living standards while preserving the environment

a long-term increase in the productive capacity of an economy

a long-term increase in the living standards of all individuals in society

On a diagram illustrating a production possibility curve, what implies long-run economic growth?

a change in the slope of the curve

a transition from a point below the curve to a point on the curve

a movement between different points along the same curve

a right shift of the curve

Many governments prioritize sustainable economic growth as a macroeconomic policy objective.

What is the definition of sustainable economic growth?

maximizing the current productive capacity of the economy as rapidly as possible

maximizing the current productive capacity of the economy by utilizing only inexpensive resources

maximizing the current productive capacity of the economy without diminishing future productive capacity

maximizing the future productive capacity of the economy as rapidly as possible

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