Question 2
Question 2 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...
1.4. Resource allocation in differe...

decision-making in market, planned and mixed economies

4. The Macroeconomy (AS L...
4.2. Introduction to the circular f...

circular flow of income in a closed economy and an open economy: the flow of income between households, firms and government and the international economy

2. The price system and t...
2.5. Consumer and producer surplus

causes of changes in consumer and producer surplus