Question 1
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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

division of labour and specialisation

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

relationship between economies of scale and decreasing average costs

8. Government microeconom...
8.3. Labour market forces and gover...

causes of shifts in and movement along the supply curve of labour to a firm or an occupation