2 or 1 mark Q

Question 1

Describe one way business activity can damage the environment

Answer 1

pollution.Busines that sells cars realeses carbon dioxide to the atmosphere

Question 2

State one possible impact of a current account deficit

Answer 2

Increasing unemployment

Question 3

Describe one advantage of privatisation for a government.

Answer 3

increases in revenue which can help the government to invest in other areas

Question 4

State one possible reason for a current account surplus.

Answer 4

Value of exports is greater then the value of imports

Question 5

Describe one role of the World Trade Organization (WTO)

Answer 5

to help countries resolve trade disputes and ensures that trade flows smoothly and fairly between countries.

Question 6

State one possible macroeconomic objective for a government.

Answer 6

Economic growth

Question 7

State one possible trade-off with economic growth

Answer 7

inflation

Question 8

State one role of a central bank

Answer 8

controlling inflation

Question 9

State one possible disadvantage of economic growth

Answer 9

Inflation

Question 10

Describe one negative impact of economic growth.

Answer 10

pollution. Which can harm the environment and people’s health.

Question 11

State one advantage of free trade.

Answer 11

lower prices

Question 12

Describe one reason why governments make benefit payments.

Answer 12

reducing poverty and meeting basic needs

Question 13

state one type of unemployment

Answer 13

seasonal

Question 14

State one type of inflation

Answer 14

demand pull or cost push