هذه المجموعة متاحة بلغتها الأصلية.

1. الموضوع: Basic concepts

   1. The basic economic problem arises mainly because of

   AinflationBscarcityCunemploymentDtaxation
   الحل

   B. scarcity

   • Human wants are unlimited but resources are limited.
   • This scarcity forces choices, which is the basic economic problem.

2. الموضوع: Basic concepts

   2. Opportunity cost is best defined as

   Athe money cost of a goodBthe next best alternative forgoneCthe cost of productionDthe price paid in the market
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   B. the next best alternative forgone

   • When you choose one option, you give up the next best one.
   • The value of that alternative is the opportunity cost.

3. الموضوع: Demand

   3. When the price of a good rises and the quantity demanded falls, this illustrates the

   Alaw of supplyBlaw of demandClaw of diminishing returnsDlaw of comparative advantage
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   B. law of demand

   • The law of demand states that, other things being equal, quantity demanded falls as price rises.

4. الموضوع: Demand

   4. Which of these is most likely to shift the demand curve for a normal good to the right?

   AA rise in the price of the goodBA rise in consumers' incomeCA fall in the price of a substituteDA rise in the cost of production
   الحل

   B. A rise in consumers' income

   • Higher income means consumers buy more of a normal good at every price, so demand shifts right.
   • A change in the good's own price causes a movement along the curve, not a shift.

5. الموضوع: Elasticity

   5. The price of a good rises by 10% and the quantity demanded falls by 20%. What is the price elasticity of demand?

   A0.5B1C2D20
   الحل

   C. 2

   • PED = % change in quantity demanded ÷ % change in price.
   • 20 ÷ 10 = 2 (ignoring the minus sign), so demand is elastic.

6. الموضوع: Factors of production

   6. The reward for land as a factor of production is

   AwagesBinterestCrentDprofit
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   C. rent

   • Land earns rent, labour earns wages, capital earns interest and the entrepreneur earns profit.

7. الموضوع: Market structures

   7. A market with only one seller is called

   Aperfect competitionBoligopolyCmonopolyDduopoly
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   C. monopoly

   • A monopoly has a single seller and no close substitutes.
   • A duopoly has two sellers; an oligopoly has a few.

8. الموضوع: Inflation

   8. Inflation is best described as

   Aa fall in the value of exportsBa persistent rise in the general price levelCa rise in the price of one goodDan increase in unemployment
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   B. a persistent rise in the general price level

   • Inflation is a sustained rise in the general level of prices, which reduces the purchasing power of money.

9. الموضوع: Money and banking

   9. Which of these is a function of a central bank?

   AIssuing the national currencyBGranting loans to individualsCSelling shares to the publicDCollecting income tax
   الحل

   A. Issuing the national currency

   • The central bank issues currency, acts as banker to the government and to commercial banks, and controls money supply.
   • Loans to individuals are given by commercial banks.

10. الموضوع: National income

    10. Gross Domestic Product (GDP) measures

    Athe total value of importsBthe total value of final goods and services produced within a country in a periodCgovernment revenue in a yearDthe income of the richest citizens
    الحل

    B. the total value of final goods and services produced within a country in a period

    • GDP is the market value of all final goods and services produced within a country's borders in a given period, usually a year.