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Learn Extracted exam questions IGCSE Economics 0455 Economics November 2024 Question Paper 12

0455 Economics November 2024 Question Paper 12

Source PDF on the left, extracted YAML on the right. Compare numbering, marks, options and text.

1 1 mark multiple_choice 1.1

For whom will we produce?

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
2 1 mark multiple_choice 2.1

the allocation of resources in an economy

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
3 1 mark multiple_choice 1.4

O good Y good X

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
4 1 mark multiple_choice 2.5

a shortage of rice and a fall in its price

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
5 1 mark multiple_choice 2.2

O quantity of coffee demanded per month price of coffee D1 D2 What would cause the demand for coffee to change from D1 to D2? a good coffee harvest

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
6 1 mark multiple_choice 2.3

supply (units) price ($) 120 160 200 240 280 If the price changes from$12 to $14, what will be the change in supply? Supply will contract by 40 units and there will be a movement down along the supply curve.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
7 1 mark multiple_choice 2.4

quantity O price X Z S

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
8 1 mark multiple_choice 2.6

greater than 1

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
9 1 mark multiple_choice 2.3

the cost of importing construction materials

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
10 1 mark multiple_choice 4.7

attempts to achieve price stability

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
11 1 mark multiple_choice 3.3

change in quantity of labour supplied change in the equilibrium wage change in demand for labour extend decrease decrease

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
12 1 mark multiple_choice 3.4

backward vertical

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
13 1 mark multiple_choice 3.5

O costs output ATC2 ATC1 What would cause the shift from ATC1 to ATC2? difficulties in controlling the firm

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
14 1 mark multiple_choice 3.6

expensive capital equipment costs

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
15 1 mark multiple_choice 3.6

price ($) total revenue ($)

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
16 1 mark multiple_choice 3.7

consumer choice may increase

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
17 1 mark multiple_choice 4.5

nominal GDP rising at a faster rate than employment

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
18 1 mark multiple_choice 6.3

the total quantity of foreign currency available within the economy

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
19 1 mark multiple_choice 4.2

fiscal policy

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
20 1 mark multiple_choice 4.7

It is an increase in the general level of prices over time.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
21 1 mark multiple_choice 4.6

a permanent decrease in the demand for labour

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
22 1 mark multiple_choice 4.2

tax revenue $bn government expenditure$bn year 500 500 400 600 300 700 What might explain the changes in the government’s budget over the period? a fall in the dependency ratio

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
23 1 mark multiple_choice 4.1

taxation government spending money supply decreasing decreasing decreasing

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
24 1 mark multiple_choice 4.6

A greater percentage of workers in Switzerland work part-time than in Mexico.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
25 1 mark multiple_choice 5.3

net migration death rate birth rate 850 000 30 000 –300 000 4 500 000 Australia Brazil Nigeria US What can be concluded from the table? Only one country, Nigeria, had a decreasing population.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
26 1 mark multiple_choice 5.4

percentage of the labour force in the tertiary sector Human Development Index value GDP per head (US$) high high high

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
27 1 mark multiple_choice 6.1

free trade

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
28 1 mark multiple_choice 6.2

apply an embargo to this good

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
29 1 mark multiple_choice 6.2

an alternative method of trade protection

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
30 1 mark multiple_choice 6.4

$m exports of goods imports of goods key year Between which two years did the country have an increase in the value of imports and an improvement in its balance of trade in goods? 4 and 5

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D

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