Question 4
Question 4 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
2. The allocation of reso...
2.9. Market economic system

Including examples of how it works in a variety of different countries. Advantages and disadvantages of the market economic system.

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.