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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 factor contributes to a country's potential growth in national output?

a decrease in temporary unemployment

a rise in the inflation rate

a decrease in the government's budget surplus

an expansion of the labor force participation

In an economy with a long-run potential output growth rate of 3%, what is likely to occur in the short run if actual output experiences a growth rate of 5%?

an expansion in employment

an escalation in the inflation rate

a decline in the balance of trade

a surge in labor productivity

In an economy, real output expands by 2% while unemployment simultaneously rises. What can be inferred from this data?

Labor productivity has declined.

Actual output has grown at a slower pace than potential output.

The working-age population has decreased.

The inflation rate has increased.

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