Economics Oda Nabe secondary school academic year 2016 E.C economics worksheet for Grade 12 social science 1. The costs which cost accountant includes under the head expenses of the firm is said to be: A. accounting costs B. mercantile costs C. capital account D. current accounts 2. . A currency which is used for making international payments is known as: A. capital account B. foreign exchange C. national income D. accounting costs 3. One of the following records in flow and out flows of foreign currency? A. oligopoly B. foreign exchange C. current account D. capital account 4. One of the fundamental scope of macroeconomics explains the inflationary and deflationary movements in the system and impacts is: A. employment B. economic growth C. general price level D. money and banking 5. Which one is not the objective of macroeconomics? A. full payment B. price stability C. theory of income D. poor 6. . One of the following is the lowest stage of business cycle: A. peak B. trough C. recovery D. boom 7. A situation in which persons fail to secure work is known as: A. Unemployment B. employment C. work lessens D. Senseless 8. A temporary type of unemployment is said to be: A. frictional B. structural C. cyclical D. employment 9. One of the following refers to any arrangement by which a person earns income of means of livelihood: A. labor force B. employment C. boom D. peak 10.The returns of labor service to others is: A. salary B. labor C. wage D. mental 11. The supplier labor is known as: A. worker B. employee C. an employer D. unemployment 12. One of the following is not a type of unemployment: A. labor force B. frictional C. cyclical D. structural 13. One is a buyer of labor or worker: A. an employee B. an employer C. unemployed D. price stability 14. Which one of the following is not impacts of unemployment on economic growth? A. exploitation of labor B. unemployment C. demoralizing D. decrease in poverty 15.The following are true go together in an economy: A. inflation and cost B. demand pull and cost push C. supply and demand D. inflation and unemployment 16. The persistent or sustained rise in general price level is known as:- A. devaluation B. in valuation C. deflation D. inflation 17.One of the following is the most widely accepted index for measuring the rate of cost of "market basket" of consumer goods and services during particular base years. A. reference year B. consumers C. consumers price index D. consumption 18. The decrease of general price level of goods and service is called: A. deflation B. inflation C. economic growth D. deficit 19..which of the following is not an example favorable effect: A. effect on production B. effect on capital C. effect on un employment D. effect on economic growth 20.. When total payments are more than total receipts is c: A. balance of payment B. balance of deficit C. wage spiral D. redistribution 21. Which of the following is not Non-tax revenue: A. charges B. fees C. Pension contribution of investment D. free service · 22. Which of the following expenditure is mostly financed from domestic revenue sources? A. capital B. non-capital C. non-recurrent D. recurrent
