Economics 9708/11 — October/November 2016
Cambridge AS Level · AS Level Multiple Choice · answer key with instant marking and worked solutions
30
questions
30
marks
60
minutes
Topics Fiscal Policy · Balance of Payments · Demand and Supply · Market Equilibrium and the Price Mechanism · Production Possibility Curves · Elasticities of Demand · +10 more
Tap an option under each question to check it — your score builds as you go.
Q11MEconomic MethodologyFree sample
To increase production a firm in industry X needs to install capital equipment, while a firm in industry Y needs to research and introduce a new technology.
What time periods are illustrated by these cases?
Options
| industry X | industry Y | |
|---|---|---|
| A | short run | long run |
| B | long run | long run |
| C | long run | very long run |
| D | very long run | very long run |
The rest of this paper
29 more questions- Q2Production Possibility Curves1M
- Q3Production Possibility Curves1M
- Q4Classification of Goods and Services1M
- Q5Demand and Supply1M
- Q6Demand and Supply1M
- Q7Elasticities of Demand · Methods of Government Intervention in Markets1M
- Q8Elasticities of Demand1M
- Q9Price Elasticity of Supply1M
- Q10Price Elasticity of Supply1M
- Q11Market Equilibrium and the Price Mechanism1M
- Q12Market Equilibrium and the Price Mechanism1M
- Q13Consumer and Producer Surplus1M
- Q14Methods of Government Intervention in Markets · Consumer and Producer Surplus1M
- Q15Fiscal Policy1M
- Q16Demand and Supply · Market Equilibrium and the Price Mechanism1M
- Q17Income and Wealth Inequality1M
- Q18Fiscal Policy1M
- Q19Aggregate Demand and Aggregate Supply1M
- Q20Price Stability1M
- Q21Price Stability1M
- Q22Balance of Payments1M
- Q23Balance of Payments1M
- Q24Exchange Rates1M
- Q25Balance of Payments1M
- Q26International Trade and Comparative Advantage1M
- Q27International Trade and Comparative Advantage1M
- Q28Fiscal Policy1M
- Q29Balance of Payments1M
- Q30Fiscal Policy · Exchange Rates1M
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