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Economics & Commerce — Grade 12 Quiz Questions
A sample of the 10 questions below — instant scoring and an explanation for every answer. No sign-in required to play.
Question 1
Which institution typically controls a country's monetary policy, including setting interest rates?
AThe national legislature
BThe finance ministry
CThe central bank
DThe stock exchange
Question 2
When a central bank raises interest rates specifically to slow inflation, what is this an example of?
AFiscal policy
BContractionary monetary policy
CExpansionary monetary policy
DTrade policy
Question 3
What term describes a country's ability to produce a good at a lower opportunity cost than another country?
AAbsolute advantage
BEconomies of scale
CComparative advantage
DTrade surplus
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