Question 38
Question 38 of 40
Question image for Q38
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
3. Microeconomic decision...
3.6. Firms and production

Influences to include demand for the product, the price of different factors of production, their availability and their productivity. The reasons for adopting the different forms of production and their advantages and disadvantages. The difference between, and influences on, production and productivity.

4. Government and the mac...
4.6. Economic growth

How changes in total demand may increase the utilisation of resources and GDP – resulting in a movement from inside toward the PPC.

2. The allocation of reso...
2.9. Market economic system

Including examples of how it works in a variety of different countries.