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Microeconomic decision makers
Practice Questions

20 CIE IGCSE Economics questions on Microeconomic decision makers, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for Microeconomic decision makers.

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Question 1 · 1 mark · Difficulty 1/3

Which of the following best describes a trade union?

  1. A government body that sets the national minimum wage
  2. An organisation of workers that aims to improve pay and conditions
  3. An association of businesses in the same industry
  4. A firm that negotiates contracts on behalf of employers
Show answer & explanation
✓ Answer: BAn organisation of workers that aims to improve pay and conditions
A trade union is an organisation of workers that collectively bargains to improve wages, working conditions, and job security. Option A describes a government body, not a union. Option C describes an employers' association function, not a union. Option D describes a trade association of firms, not workers.
Question 2 · 1 mark · Difficulty 2/3

A worker receives a wage of $15 per hour and works 40 hours per week. What is the worker's gross weekly wage?

  1. $450
  2. $550
  3. $650
  4. $600
Show answer & explanation
✓ Answer: D$600
Gross weekly wage = hourly wage × hours worked = $15 × 40 = $600. Option A ($450) results from multiplying $15 by 30 hours, a common arithmetic error. Option B ($550) has no clear basis and represents a random distractor. Option D ($650) may result from adding an incorrect overtime figure.
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CIE IGCSE Economics: Microeconomic decision makers FAQ

How many CIE IGCSE Economics questions on Microeconomic decision makers are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Microeconomic decision makers for CIE IGCSE Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Microeconomic decision makers practice with other Economics topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Microeconomic decision makers questions aligned to the official CIE IGCSE Economics syllabus?
Every question is written against the published CIE IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is Microeconomic decision makers typically tested on CIE IGCSE Economics papers?
Microeconomic decision makers appears across multiple question types on real CIE IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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