期末考试高一-2015期末考试高一-2015.docVIP

The final-term examination of international department in Dong Shan foreign language school Grade one：Economics Question paper maker：jerry Lu Date：th Jan Section I: Multiple questions 1. Which of the following BEST describes the basic economic problem? a Limited needs and unlimited resources b Unlimited wants and scarce resources c Limited incomes and spending power d Unlimited choices of consumer goods 2. Which of the following is a man-made resource? a A production worker b A forest c A field of wheat d A factory 3. Which of the following is NOT a factor of production? a Land b Money c Enterprise d Capital 4. Which of the following is the reward to labour? a Profit b Wages c Revenue d Employment 5. Which of the following is NOT a scarce resource? a Air b Land c Money d Oil 6. Which of the following describes a country with a mixed economy? a Goods and services are provided by private companies b Goods and services are provided by the government c Goods and services are provided by private companies and by the government d Goods and services are provided by individuals and by companies 7. Which of the following describes the economic aim of sellers of goods and services? a A wide range of goods on offer b A product made from best-quality materials c A high-cost advertising campaign d A high price to provide profit for the business 8.What is effective demand for a good or service? a A want, backed up by money to purchase the item b A need, by all consumers desiring the item c A demand depending on level of income d A demand by one group of consumers 9. What does a typical supply curve show about the relationship between the amount supplied of a product and its price? a Firms will supply more at a lower price b Consumers will buy more at a higher price c Firms will supply more at a higher price d Consumers will buy more at a lower price 10 Which one of the following pairs of products are in joint supply? a P