Level M Economics Additional Optional (MC Material)
1.
Which motive is most likely to increase the wish to open a savings account?
Answer:
2.
Share prices on the stock market are most likely to rise if
Answer:
3.
to prepare for future expenditure, for their children, for their old age and for emergencies interest rates fall, company profits increase and less taxes by the government, also good stable economic and political situation
The ways of making and receiving payments continue to develop. As well as cash, debit cards and credit cards, mobile (cell) phones are now being used to make payments.
Which method of paying for products provides no information to sellers about their customers?
Answer:
4.
Which government policy would be likely to help local companies expand?
Answer:
5.
providing a subsidy, reducing expenditure taxes
A tax on which of the following is usually progressive and is paid by a large number of tax payers?
Answer:
6.
cash notes and coins
incomes and wealth
In 2009, the Chinese Government tried to increase household spending.
Which policy measure would have been most likely to achieve this objective?
Answer:
7.
Which type of business organisation has its shares quoted on a stock exchange?
Answer:
8.
a switch from public to private sector provision of health care and pensions
public company or plc’s
What might encourage a consumer to save rather than to spend?
Answer:
high interest rates
1
Level M Economics T1 Additional Optional
9.
Why do banknotes function as money?
Answer:
10.
Which government policy would best protect the environment?
Answer:
11.
They are backed by gold and they are issued by central bank of the country so they are the country’s legal tender
increasing tax on fuel, firms contributing to improvements in the environment are granted tax allowance and subsidies. Also firms