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Eco Test 2
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Name _______________ Class: Sr.III B Subject: Economics Time Duration: 10 minutes
Missing words Complete the following sentences by filling in the missing word or words:
1. 2. It is not possible to eliminate .. as grow faster than economic resources. 3. The economic problem means that people have to make .. .4. Most land is .. mobile but geographically .. .5. If gross investment exceeds depreciation there is investment.6. is the payment labour receives whilst is the payment entrepreneurs receive.7. A countrys labour force can be increased by the retirement age and the school leaving age.8. is output whereas .is output per worker per hour.9. A key role of entrepreneur is to bear risks.10. Another name for a production possibility curve is an cost curve.11. A production possibility curve shows the maximum output of products with existing resources and technology.