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Economics Grade 9 & 10 (Quiz 2)

This document contains an economics test for students in classes 9 and 10. The test has two sections. Section A contains 5 multiple choice questions related to basic economics concepts like production possibility curve, economic growth, and scarcity. Section B contains a case study about a burger seller named Alan and 5 short answer questions related to the case study. The questions assess students' understanding of concepts like effective demand, drawing demand curves, the inverse relationship between price and quantity demanded, and using a case study to explain economic principles. The test is 30 minutes long and carries a total of 15 marks.

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Nofel Ameen
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1K views2 pages

Economics Grade 9 & 10 (Quiz 2)

This document contains an economics test for students in classes 9 and 10. The test has two sections. Section A contains 5 multiple choice questions related to basic economics concepts like production possibility curve, economic growth, and scarcity. Section B contains a case study about a burger seller named Alan and 5 short answer questions related to the case study. The questions assess students' understanding of concepts like effective demand, drawing demand curves, the inverse relationship between price and quantity demanded, and using a case study to explain economic principles. The test is 30 minutes long and carries a total of 15 marks.

Uploaded by

Nofel Ameen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 2

Class: 9 & 10

Name: ________________________________
Test duration: 30 Min
Subject: Economics
Date:
Marks: 15 Marks Converted to: Parents Signature:

Section A

Multiple Choice questions:

Q1: Which one of the Following question is not associated with the basic economics

a) What to produce?
b) How to produce?
c) When to produce?
d) For whom to produce?

Q2: Which of the Following is a need?

a) A Zinger Burger
b) Smart phones
c) A Motor car
d) Drinking water

Q3: Which of the Following is best described as PPC Curve

a) A graph which shows demand and supply


b) A graph which shows production of goods & service
c) A graph which shows different combination of two goods that an economy can produce
If all the resources are used up
d) A graph which shows a point where economies of scale is achieved

Q4: When does the PPC curve shift outwards

a) When all the resources in a country are used up


b) When a country has to give up one good in place of another
c) When there is improvement in profits of the company
d) When there is economic growth in the country
Q5: Which of the following best describes the situation where production is done inside the PPC
curve

a) A point which is unachievable in a given scenario


b) A point where resources are fully used up
c) A point where the resources are left underutilized
d) A point where economic growth is likely to incur

Section B
Case Study 1
Alan Buschwacker makes a living by selling burgers from a van. He parks his van at busy
locations in seattle, Washington, USA, and sells gigantic burgers, which have become his trade
mark in the area. Most of the time his wife assists him. Details of weekly demand for Al’s
burgers are shown in the Table below

Price $ 0.5 1 1.5 2 2.5 3 3.5 4

Number
of 1600 1400 1200 1000 800 600 400 200
Benches

Q1: Describe what is effective demand (2 Marks)

Q2: Draw a demand curve using the information in the Table above (2 Marks)

Q3: Al currently charges $3 for his giant burgers. How many burgers would he expect to sell at
this price (1 Mark)

Q4: If Al wanted to sell 1400 burgers, what price would he have to charge? (1 Mark)

Q5: Describe what is meant by inverse relationship between quantity demand and price. Use
this case study as an example in your answer (4 Marks)

GOOD LUCK!

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