CSEC Economics

PPO Set 1

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Q1
Which of the following best defines inflation?
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Q2
Which of the following policies is most likely used to control inflation?
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Q3
An increase in consumers’ income will most likely lead to
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Q4
Which of the following is a characteristic of a monopoly?
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Q5
Which of the following is most likely to increase the supply of a good?
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Q6
Which of the following best describes a mixed economy?
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Q7
Which of the following changes would result in a movement along the demand curve?
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Q8
A student chooses to spend time studying instead of working a part-time job. What is the opportunity cost of studying?
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Q9
Which of the following are factors of production?
I. Land
II. Labour
III. Capital
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Q10
Which of the following best explains cyclical unemployment?
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