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Year 11 Economics Quiz

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Year 11 Economics Challenge

Test your knowledge of key economic concepts with our Year 11 Economics Quiz! This carefully crafted quiz features 8 multiple-choice questions covering vital topics in economics.

Learn about capital rewards
Discover the principles of consumer sovereignty
Understand income inequality

8 Questions2 MinutesCreated by AnalyzingApple24

What is the reward for Capital

Interest

Rent

Wages

Profit

Capital gains

Credit

Which is a leakage out of the CFI

Government expenditure

Offshore tax havens

Taxation

Exports

The Gini Coefficient is a measure of what?

Wealth

Poverty

Income inequality

CO2 emissions per capita

Consumer sovereignty is reduced by...

Theft

Violence

Decreased competition

Marketing

The marginal propensity to consumer is a measure of what?

Total proportion of income spent on consumption

Proportion of each extra dollar that is spent on consumption

Basic living standards

Disposable income

What is the technical optimum?

The right amount of money a business should invest in technology

The best location from which to run business operations

The most efficient level of production for a firm

The point where a worker is more productive

There will be a movement along the demand curve when

Consumer incomes increase

The stock market is doing well

Expected future prices decrease

The price of the good changes

Which of these products would likely have the closest to example of perfectly inelastic demand

Insulin

Toilet paper

Ferrari’s

Alcohol

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