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Course Content
Price System, Microeconomy: Consumer Theory
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Topic Questions (MCQ – EASY): Utility
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Topic Questions (MCQ – HARD): Utility
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Topic Questions (MCQ – EASY): Indifference curves and budget lines
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Topic Questions (MCQ – HARD): Indifference curves and budget lines
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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
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Topic Questions (MCQ – HARD): Efficiency
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Topic Questions (MCQ – EASY): Market failure
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Topic Questions (MCQ – HARD): Market Failure
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Topic Questions (MCQ – EASY): Private costs and benefits, externalities and social costs and benefits
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Topic Questions (MCQ – HARD): Private costs and benefits, externalities and social costs and benefits
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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
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Topic Questions (MCQ – HARD): Production, Costs, (Dis)Economies of Scale
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Topic Questions (MCQ – EASY): Revenue, Profit
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Topic Questions (MCQ – HARD): Revenue, Profit
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Price System, Microeconomy: Different market structures
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Topic Questions (MCQ – EASY): Market Structure
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Topic Questions (MCQ – HARD): Market Structure
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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
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Topic Questions (MCQ – HARD): Growth (Size), Objectives of Firms
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Government MICROeconomic intervention
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Topic Questions (MCQ – EASY): Government policies to correct market failure
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Topic Questions (MCQ – HARD): Government policies to correct market failure
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Topic Questions (MCQ – EASY): Government policies to promote equity
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Topic Questions (MCQ – HARD): Government policies to promote equity
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Labour market forces and government intervention
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Topic Questions (MCQ – EASY): Labour market forces, MRP theory
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Topic Questions (MCQ – HARD): Labour market forces, MRP theory
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Macroeconomy: circular flow of income
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Topic Questions (MCQ – EASY): Circular Flow of Income, Multiplier
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Topic Questions (MCQ – HARD): Circular Flow of Income, Multiplier
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Macroeconomy: Economic growth and sustainability, Employment, Money and banking
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Topic Questions (MCQ – EASY): Economic growth and sustainability
00:00
Topic Questions (MCQ – HARD): Economic growth and sustainability
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Topic Questions (MCQ – EASY): Unemployment
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Topic Questions (MCQ – HARD): Unemployment
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Topic Questions (MCQ – EASY): Money Market
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Topic Questions (MCQ – HARD): Money Market
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Government MACROeconomic intervention
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Topic Questions (MCQ – EASY): A2 Macro Intervention
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Topic Questions (MCQ – HARD): A2 Macro Intervention
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International economic issues
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Topic Questions (MCQ – EASY): A2 Balance of Payments, Policies
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Topic Questions (MCQ – HARD): A2 Balance of Payments, Policies
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Topic Questions (MCQ – EASY): A2 Exchange Rate
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Topic Questions (MCQ – HARD): A2 Exchange Rate
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Topic Questions (MCQ – EASY): Economic Development, Indicators of Living Standards
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Topic Questions (MCQ – HARD): Economic Development, Indicators of Living Standards
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Topic Questions (MCQ – EASY): Developing and Developed Countries
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Topic Questions (MCQ – HARD): Developing and Developed Countries
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Topic Questions (MCQ – EASY): Globalisation, Trading Blocs
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Topic Questions (MCQ – HARD): Globalisation, Trading Blocs
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CAIE A2 Economics – Topic Questions
Overview
Comments
Content
Check the study notes for this topic.
Which of the following is an example of market failure?
Air pollution caused by car emissions in cities
Free entry to a museum for children
Low rents for housing occupied by low income households
Inability of some basketball fans to afford tickets to watch games
Why does a free market fail to consider the external costs of building a government school by private builders in a residential area who ignore noise and disturbance?
Education is a public good with societal benefits.
Only a minority of residents living near the school object to the construction.
The government endorses private construction of schools.
The builders do not bear the costs of the noise and disturbance.
Which economic concept is illustrated by the Chinese proverb, "One generation plants a tree and the next generation enjoys its shade"?
Comparative advantage and benefits of free trade
Specialisation
Positive externality
Public good
1 out of 3
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