01The basic economic problem74 questions1.1 The nature of the economic problem24 questionsStart1.2 The factors of production16 questionsStart1.3 Opportunity cost16 questionsStart1.4 Production possibility curve (PPC) diagrams18 questionsStart
02The allocation of resources227 questions2.1 Microeconomics and macroeconomics13 questionsStart2.2 The role of markets in allocating resources14 questionsStart2.3 Demand16 questionsStart2.4 Supply16 questionsStart2.5 Price determination21 questionsStart2.6 Price changes12 questionsStart2.7 Price elasticity of demand (PED)33 questionsStart2.8 Price elasticity of supply (PES)25 questionsStart2.9 Market economic system13 questionsStart2.10 Market failure36 questionsStart2.11 Mixed economic system28 questionsStart
03Microeconomic decision makers194 questions3.1 Money and banking17 questionsStart3.2 Households14 questionsStart3.3 Workers30 questionsStart3.4 Trade unions15 questionsStart3.5 Firms24 questionsStart3.6 Firms and production34 questionsStart3.7 Firms’ costs, revenue and objectives35 questionsStart3.8 Market structure25 questionsStart
04Government and the macroeconomy225 questions4.1 The role of government20 questionsStart4.2 The macroeconomic aims of government24 questionsStart4.3 Fiscal policy43 questionsStart4.4 Monetary policy19 questionsStart4.5 Supply-side policy38 questionsStart4.6 Economic growth24 questionsStart4.7 Employment and unemployment32 questionsStart4.8 Inflation and deflation25 questionsStart
05Economic development83 questions5.1 Living standards24 questionsStart5.2 Poverty23 questionsStart5.3 Population23 questionsStart5.4 Differences in economic development between countries13 questionsStart
06International trade and globalisation103 questions6.1 International specialisation19 questionsStart6.2 Globalisation, free trade and protection30 questionsStart6.3 Foreign exchange rates28 questionsStart6.4 Current account of balance of payments26 questionsStart
