Eco 6.pdf For Ethiopian curriculum to grade 12

Grade 12

1. GRADE 12TH ECONOMICS:
QUESTIONS & ANSWERS
PART SIX
(41 - 50)

2. 1) What are the four phases of the business cycle?
A.Expansion, trough, recovery, peak
B.Contraction, trough, recovery, peak
C.Expansion, peak, contraction, trough
D.Contraction, peak, expansion, trough
QUESTION
2

3. ANSWER
Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44.When does a trade deficit occur?
A.When exports exceed imports
B.When imports exceed exports
C.When exports and imports are equal
D.When trade is balanced
A Bhit d t

4. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

5. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services

6. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer:A.Thedifferencebetweenexportandimportofgoodsandservices

7. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

8. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer:A.Thedifferencebetweenexportandimportofgoodsandservices

9. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

10. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

11. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

12. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

13. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

14. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

15. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

16. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

17. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

18. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

19. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

20. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

21. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

22. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

23. Answer: C. Expansion, peak, contraction, trough
42.What occurs during the peak phase of the business cycle?
A.Increasing unemployment and decreasing prices
B.Maximum possible output and full employment
C.Economic slowdown and declining output
D.Rising demand for goods and services
Answer: B. Maximum possible output and full employment

43.What is the balance of trade?
A.The difference between export and import of goods and services
B.The difference between government revenue and expenditure
C.The difference between national income and consumption
D.The difference between domestic investment and savings
Answer: A. The difference between export and import of goods and services
44Whendoesatradedeficitoccur?

24. Zoho Show
To create beautiful presentations, download Zoho Show from Play Store https://zoho.to/cy7
Eco 6.pdf
(This PDF has been generated using Zoho Show)