MATSEC IM Economics Practice Questions - Malta Intermediate Matriculation (IM) Economics - IM 08 (2026) Exam - MATSEC IM Economics Practice Questions - Malta Intermediate Matriculation (IM) Economics

Question 1

What is the fundamental economic problem that confronts every society?

Scarcity of resources relative to unlimited wants Too much government regulation of markets The existence of money as a medium of exchange Unemployment of labour in industrial economies

Correct Answer:

Scarcity of resources relative to unlimited wants

Question 2

A student spends three hours revising economics instead of working a part-time job paying €8 per hour. What is the opportunity cost of the revision?

€8, the hourly wage rate €24 of foregone wages The grade achieved in economics Zero, because revision improves future income

Correct Answer:

€24 of foregone wages

Question 3

Which of the following is classified as the factor of production capital?

Machinery and factory buildings used in production The entrepreneur who organises production and bears risk Unskilled workers employed on an assembly line Fertile farmland used to grow crops

Correct Answer:

Machinery and factory buildings used in production

Question 4

A production possibility curve (PPC) bows outward because

Resources are not equally suited to producing both goods Opportunity cost is always constant as output of one good rises Economies always operate inside the curve Demand for both goods increases at the same rate

Correct Answer:

Resources are not equally suited to producing both goods

Question 5

An economy produces only food and clothing. Full employment yields either 200 units of food or 100 units of clothing. What is the opportunity cost of one unit of clothing?

0.5 units of food 100 units of food 2 units of food 200 units of food

Correct Answer:

2 units of food

Question 1

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About this Exam

Prepare with the MATSEC IM Economics Practice Questions - Malta Intermediate Matriculation (IM) Economics - IM 08 (2026) Exam practice quiz. This question bank includes 100 questions covering price, demand, good, cost, and rises. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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MATSEC IM Economics Practice Questions - Malta Intermediate Matriculation (IM) Economics - IM 08 (2026) Exam

This practice set contains 100 questions from the matching question bank and focuses on price, demand, good, cost, and rises. 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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About this Exam

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MATSEC IM Economics Practice Questions - Malta Intermediate Matriculation (IM) Economics - IM 08 (2026) Exam

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