Professional Documents
Culture Documents
Term 2
GRADE: 11
Name: ________________
Section: _______________
D2.Eco.5.9-12. Describe the consequences of competition in specific markets.
D2.Eco.4.9-12. Evaluate the extent to which competition among sellers and among buyers exists in
specific markets
D2.Eco.3.9-12. Analyze the ways in which incentives influence what is produced and distributed in a
market system
D2.Eco.2.9-12. Use marginal benefits and marginal costs to construct an argument for or against an
approach or solution to an economic issue.
1.4.1.2 Student is able to identify the most important principles and features of his/her country’s
economic system.
1.4.1.1 Student is able to infer similarities and differences between international economic
systems.
1.4.1.2 Student is able to identify the most important principles and features of his/her country’s
economic system.
Q.1 Which Market would you prefer to operate your business in? Choose one.
(4)
Oligopoly
Perfect Competition
OLIGOPOLY
Reason 2:
control prices
Reason 3:
Q2. Majid and Ahmed are starting a partnership business, Majid has left the country without any
prior notice. To avoid the situation what kind of partnership would you prefer?
(4)
AND
SHIPES
Monopolistic
1-many producers
Q5. Discuss the importance of the following with examples of each one:
Franchises:
(3)
charge high fees for the right to use their name. The
Cooperatives:
(3)
benefits, people who join co-ops are consumers who want to increase their buying
power, they sell goods to their members in at reduced prices, they can do this
because they purchase products in bulk quantites which makes it cost less. and
the requirements to join the cooperative business requires members to work
Nonprofit Organizations:
(3)
Non profit organizations are like businesses but they don't work to get profit,
they're established to support public and private goals, human rights, arts of
that support the people without making *profit and support their private and
public goals.
Q6. The equilibrium point has shifted from E1 to E2, Discuss the possible reasons of this downward
(5)
-Surplus above the equilibrium
demand shifts
Q7.UAE is a highly attractive market for the entrepreneurs? Give three reasons to explain?
(4)
1-UAE has alot of touristic places which attracts alot of people to come and that increases
the chance of them walking into your shop.
2-there are low taxes in the UAE which makes it easier to open a businesss
3-Expo 2020 which will make everyone in the world to come to UAE
(2)
(2)
(4)
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