This is the 1st Set of 30 of 570 Interactive Multiple Choice Questions for OCR A Level Economics of Component 1: Microeconomics on 1.1 Scarcity and choice (Full set of 570 can be purchased from www.apt-initiatives.com
This resource is one of 19 sets of 30 multiple choice questions to test students’ knowledge and understanding of the subject content required to be covered for OCR A Level Economics (on Microeconomics and Macroeconomics) - as published in the 2016 specification for first examination in 2017. There is also a printable version available.
The full set of 570 questions comprises 16 sets of 30 ‘End of Topic’ multiple choice questions as follows:
1 Component 1: Microeconomics:
1.1 Scarcity and choice (1 set of 30 questions)
1.2 How competitive markets work (2 sets of 30 questions)
1.3 Competition and market power (2 sets of 30 questions)
1.4 Labour market (1 set pf 30 questions)
1.5 Market failure and government intervention (1 set of 30 questions)
2 Component 2: Macroeconomics
2.1 Economic policy objectives and indicators of macroeconomic performance (2 sets of 30)
2.2 Aggregate demand and aggregate supply (2 sets of 30 questions)
2.3 The application of policy instruments (2 sets of 30 questions)
2.4 The global context (2 sets of 30 questions)
2.5 The financial sector (1 set of 30 questions)
This particular set of 30 questions relates to Component 1 on Scarcity and Choice.
The full set of 570 questions also contains:
2 ‘End of Component’ multiple choice tests:
• A set of 30 questions testing aspects relating to Component 1 on Microeconomics
• A set of 30 questions testing aspects relating to Component 2 on Macroeconomics
1 final test of 30 questions on any aspect of the OCR A Level Economics specification (published in 2016, for first examination in 2017). This test could form part of a mock exam for OCR A Level Paper 3 on Themes in Economics.
The resource, therefore, enables students to be tested at the end of each topic covered in class, as well as at the very end of their study of OCR A Level Economics.
Supporting explanations are also provided for each question posed - further helping to consolidate students’ knowledge and understanding.