Question 3
Question 3 of 30
Question image for Q3
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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...
1.3. Factors of production

rewards to the factors of production

1. Basic economic ideas a...
1.1. Scarcity, choice and opportuni...

basic questions of resource allocation: what to produce, how to produce, for whom to produce