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Cambridge IAL Economics Practice Questions - Cambridge International A-Level Economics (9708) Exam

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About this Exam

Prepare with the Cambridge IAL Economics Practice Questions - Cambridge International A-Level Economics (9708) Exam practice quiz. This question bank includes 100 questions covering price, good, demand, curve, and equilibrium. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
Which statement best defines the economic problem of scarcity?
Unlimited wants face limited resources
Some people cannot afford luxury goods
Resources are finite but evenly distributed
Governments cannot raise enough tax revenue
Question 2
A student chooses to study for an exam instead of working a 4-hour shift at $12 per hour. What is the opportunity cost?
$$48 of foregone wages
The grade earned on the exam
$$12, the hourly rate
Zero, because studying has no cost
Question 3
Which of the following is classified as the factor of production 'enterprise'?
The entrepreneur who organises other factors and bears risk
A factory machine used in production
Workers on the production line
Mineral deposits beneath the ground
Question 4
A production possibility curve (PPC) bows outwards from the origin. This shape reflects:
Increasing opportunity cost as more of one good is produced
Constant opportunity cost between the two goods
Decreasing opportunity cost from specialisation
Perfectly substitutable factors of production
Question 5
Which is the defining feature of a public good?
It is non-rivalrous and non-excludable in consumption
It is produced by the government
It is free to use at the point of consumption
It generates positive externalities

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Additional Information

Cambridge IAL Economics Practice Questions - Cambridge International A-Level Economics (9708) Exam

This practice set contains 100 questions from the matching question bank and focuses on price, good, demand, curve, and equilibrium. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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