Quick Fire Quizzes

With only 24 hours to go before the first IB economics exam I will post through the day a series of 10 question quizzes to see how well you have revised. The first one is from section 1 of the syllabus and is suitable for both higher and standard level students.

1) Define macroeconomics

2) Give an normative economic statement. Why is your chosen statement normative?

3) What is meant by the term ceteris paribus? Give an example

4) State the four factors of production

5) Define the term opportunity cost

6) Explain the difference between a free and economic good

7) Draw a production possibilities curve to illustrate the concept of opportunity cost

8) What is the basic economic problem?

9) Explain the difference between a centrally planned and free market economy. Use real world examples.

10) Briefly outline the difference between economic growth and economic development.

U6th IB Economists [21 Mar 2011]
The Final Countdown [19 Mar 2010]
Last minute advice… [11 May 2009]
Quick Quiz (6) [11 May 2009]
Quick Quiz (5) [10 May 2009]
Quick Quiz (4) Market Failure [10 May 2009]
Quick Quiz (3) Higher Level Only [10 May 2009]
Quick Quiz (2) [10 May 2009]
Paper 2 ( Standard) and Paper 3 (Higher) [4 May 2009]
Paper 2 Higher Level [3 May 2009]
Paper 1- The Essay [3 May 2009]
IB Economics Exams - 2 Weeks to Go [26 Apr 2009]
Calling all Upper Sixth Economists [29 Mar 2009]

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