11 Questions
What is the primary focus of the continuous assessment in this course?
Multiple choice tests based on the course or case study
How many reference readings are mentioned for this course?
One
At what time are the tests conducted as part of the continuous assessment?
3:30pm
What is the main factor that differentiates advanced economies from developing economies?
Quality of labor
Which sector is a larger percentage and growing in the advanced economies?
Services
What percentage of the world's food do advanced economies produce?
One third
What differentiates advanced economies from developing economies in terms of technologies used on farms and in factories?
More capital-intensive technologies
What is the main focus of microeconomics?
The study of the choices that individuals and businesses make
Which chapter in the course would most likely cover the topic of 'Firm’s Market Structure'?
Chapter IV: Finance and Money
What is the primary focus of Chapter III in the course curriculum?
The study of Demand and Supply : elasticities
What does economics aim to study?
Choices made by individuals, businesses, governments, and entire societies in coping with scarcity
Study Notes
Course Objectives and Assessment
- The primary focus of the continuous assessment in this course is not specified in the text.
Course Structure and Readings
- There is no mention of the number of reference readings for this course.
Assessment Schedule
- The time when tests are conducted as part of the continuous assessment is not specified in the text.
Advanced and Developing Economies
- The main factor that differentiates advanced economies from developing economies is not specified in the text.
- The service sector is a larger percentage and growing in the advanced economies.
- Advanced economies produce a significant percentage (not specified) of the world's food.
- Advanced economies are differentiated from developing economies in terms of technologies used on farms and in factories, with advanced economies using more advanced technologies.
Microeconomics
- The main focus of microeconomics is not specified in the text.
Course Curriculum
- The topic of 'Firm’s Market Structure' would most likely be covered in a chapter on microeconomics, but the specific chapter is not specified.
- The primary focus of Chapter III in the course curriculum is not specified in the text.
Economics
- Economics aims to study how to allocate limited resources to meet unlimited human wants.
Test your understanding of basic economic principles and their application in daily economic events. This quiz covers topics from the main reference readings such as 'Economics' by Glenn P. Hubbard and Anthony P. O'Brien, as well as current affairs highlighted in 'The Economist' and 'Financial Times'.
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