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Introduction to Economics
Practice Questions

50 CXC CSEC Economics questions on Introduction to Economics, 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 Introduction to Economics.

Try 2 sample questions on Introduction to Economics

Question 1 · 1 mark · Difficulty 1/3

An economy in which both the private sector and the government make economic decisions is called a:

  1. Mixed economy
  2. Command economy
  3. Free market economy
  4. Subsistence economy
Show answer & explanation
✓ Answer: A — Mixed economy
Most Caribbean economies are mixed economies, combining private enterprise with government activity.
Question 2 · 1 mark · Difficulty 1/3

A student studying the Barbados economy noted that fishermen, hotel workers, and bank clerks all contribute to production. These workers represent which factor of production?

  1. Land
  2. Labour
  3. Capital
  4. Enterprise
Show answer & explanation
✓ Answer: B — Labour
Award 1 mark for identifying labour as the human effort (physical and mental) used in production. A is incorrect — land refers to natural resources. C is incorrect — capital refers to man-made aids to production. D is incorrect — enterprise refers to the risk-taking and organisational function.
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20 questions · 25 min · free

CXC CSEC Economics: Introduction to Economics FAQ

Is Kramizo free for CXC CSEC 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 Introduction to Economics practice with other Economics topics or even switch to a totally different CXC 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 Introduction to Economics questions aligned to the official CXC CSEC Economics syllabus?
Every question is written against the published CXC CSEC Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CXC 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 CXC.
How is Introduction to Economics typically tested on CXC CSEC Economics papers?
Introduction to Economics appears across multiple question types on real CXC CSEC 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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