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Groups of Things - A Level Economics (AQA) - Statistics
General Stats
- This quiz has been taken 87 times
- The average score is 15 of 37
Answer Stats
| Group | Answer | Hint | % Correct |
|---|---|---|---|
| The Components of the AD Formula | Investment | I | 82%
|
| The Components of the AD Formula | Consumption | C | 75%
|
| Components of Market Equilibrium Diagram | Price | Y-Axis | 72%
|
| Components of Market Equilibrium Diagram | Quantity | X-Axis | 70%
|
| The Components of the AD Formula | Government Spending | G | 69%
|
| - | Y | What letter is used to present "income" in Macroeconomics? | 69%
|
| Types of Demand (Curve) | Elastic | X>1 | 68%
|
| Types of Demand (Curve) | Inelastic | X<1 | 68%
|
| Market Structures | Monopoly | 66%
| |
| Market Structures | Oligopoly | 63%
| |
| Two main Schools of Thought | Keynesian | 54%
| |
| Types of 'Goods' | Public | Available to all | 51%
|
| Market Structures | Perfect Competition | 49%
| |
| Components of Market Equilibrium Diagram | Demand Curve | D | 46%
|
| Components of Market Equilibrium Diagram | Supply Curve | S | 46%
|
| Types of 'Goods' | Merit | Goods with Positive externalities | 44%
|
| Types of 'Goods' | Demerit | Goods with Negative externalities | 42%
|
| The Components of the AD Formula | Net Exports | (X-M) | 42%
|
| Two main Schools of Thought | Classical | 41%
| |
| Types of 'Goods' | Consumer | Goods used by people | 38%
|
| Types of 'Goods' | Private | Available from a seller | 38%
|
| Market Structures | Monopolistic Competition | 37%
| |
| Types of 'Goods' | Capital | Goods used for making goods | 35%
|
| Components of Market Equilibrium Diagram | Equilibrium Price | pe | 35%
|
| Components of Market Equilibrium Diagram | Equilibrium Quantity | qe | 35%
|
| Market Structures | Monopsony | 28%
| |
| Market Structures | Duopoly | 23%
| |
| Elasticities of Supply | PES | 20%
| |
| Types of 'Goods' | Complimentary | Like Hot dog buns to Hot Dogs | 13%
|
| Elasticities of Supply | YES | 11%
| |
| Types of 'Goods' | Durable | A good with a life expectancy of at least 3 years | 8%
|
| Elasticities of Supply | XES | 8%
| |
| Types of Demand (Curve) | Kinky | So Hot Bro | 4%
|
| Types of 'Goods' | Non-Durable | A good that is consumed quickly, less than 3 years | 3%
|
| Types of 'Goods' | Supplimentary | Petrol to a car | 3%
|
| Famous Adam Smith Concepts | Pin Factory | Benefits of Specialisation and Division of Labour | 1%
|
| Famous Adam Smith Concepts | Water Diamond Paradox | For showing how scarcity affects price | 1%
|
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