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Quiz

Micro Economics

eloise.drake 10 perguntas 4,0 (1 avaliação)

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Perguntas do quiz (10)

  1. 1What is the basic economic problem?
    1. AScarcity
    2. BDebt
  2. 2What is opportunity cost?
    1. AThe next best alternative forgone
    2. BA limited resource
  3. 3What are the 4 factors of production?
    1. AEnterprise, Labor, Capital, Money
    2. BLand, Labor, Enterprise, Money
    3. CMoney, Enterprise, Capital, Land
    4. DCapital, Land, Enterprise, Labor
  4. 4Specialisation is.... the process in which individuals, firms and countries focus on just one area of production.
    1. AVerdadeiro
    2. BFalso
  5. 5Does division of labor decrease productivity?
    1. AVerdadeiro
    2. BFalso
  6. 6The advantages of specialisation are? (3)
    1. AIncreased productivity
    2. BReduces time spent on tasks
    3. CIncreases worker morale and motivation
    4. DMakes it easier to train workwes
    5. EIncreases worker flexability
  7. 7What are the disadvantages of specialisation? (3)
    1. AIt facilitates the use of automation
    2. BDecreases worker morale
    3. CCan result in a fall in staff productivity
    4. DIncreases time spent on tasks
    5. EWorker flexibility drcreases
  8. 8What is a PPF?
    1. AA diagrammatic illustration if the concept of scarcity
    2. BProduction Possibility Frontier
  9. 9The PPF shows the production potential of an economy given existing resources
    1. AVerdadeiro
    2. BFalso
  10. 10Which diagram is correct
    1. AImagem da opção A
    2. BImagem da opção B

Informações

Descrição
A Levels Economics Quiz sobre Micro Economics, criado por eloise.drake em 02-01-2014.
Idioma
English
Visualizações
176
Avaliação
4,0 de 5 · 1 avaliação
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