Question 30
Question 30 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
1. Basic economic ideas a...
1.5. Production possibility curves

shape of the PPC: constant and increasing opportunity costs

7. The price system and t...
7.5. Types of cost, revenue and pro...

relationship between economies of scale and decreasing average costs