Question 3
Question 3 of 40
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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...
3.6. Firms and production

Influences to include demand for the product, the price of different factors of production, their availability and their productivity.

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.