Question 15
Question 15 of 30
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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...
3.5. Firms

How internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changes.

1. The basic economic pro...
1.2. The factors of production

Definitions and examples of land, labour, capital and enterprise. Examples of the nature of each factor of production. The influences on the mobility of the various factors. The causes of changes in the quantity and quality of the various factors.