Uploaded by Iram Sohaib

TEST WEEK 4 ECONOMICS 23 24 (1)

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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
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