IGCSE WEEKLY TESTS SEMESTER 2- 2023/2024 Subject المـــــادة ECONOMICS Grade الصـــف Day اليـــوم WEDNESDAY Date التـأريخ Starting Time بداية وقت االمتحان 8.20am : 11A5 / Exam Duration مـــدة االمـتحــــــان 9.20am Hours 1 ســــاعـة / Minutes 00 دقيـــــقـــة FOR OFFICE USE ONLY Question No Question Max Mark Marker Obtained Marks Name Checker Signature Name Remarks Signature 1 2 3 4 5 6 7 8 9 10 Total FINAL MARK (out of NUMBERS ) WRITTEN FOR STUDENT USE ONLY \ STUDENT NAME SEAT NUMBER SUBJECT GRADE 1 Full Name: Class: Subject: ECONOMICS Day: Date: Duration: 1 hour QUESTION 1 /20 QUESTION 3 /30 TOTAL /50 2 You are required to answer ALL questions. 1. Define the following terms [20 marks] 1. Commercial banks: ____________________________________________________________________________ ____________________________________________________________________________ 2. Wealth: ____________________________________________________________________________ ____________________________________________________________________________ 3. Average propensity to consume (APC): ____________________________________________________________________________ ____________________________________________________________________________ 4. National minimum wage (NMW): ____________________________________________________________________________ ____________________________________________________________________________ 5. Elasticity of supply of labour: ____________________________________________________________________________ ____________________________________________________________________________ 6. Trade union: ____________________________________________________________________________ ____________________________________________________________________________ 7. Industrial action: ____________________________________________________________________________ ____________________________________________________________________________ 8. The quaternary sector: ____________________________________________________________________________ ____________________________________________________________________________ 3 9. Rationalisation: ____________________________________________________________________________ ____________________________________________________________________________ 10. External diseconomies of scale: ____________________________________________________________________________ ____________________________________________________________________________ 2. MULTIPLE-CHOICE QUESTIONS 4 5 6 7 8 9 10 11 12 13 14