Subsection 3.6. Firms and production for Economics, O Level - revisedeck

3.6. Firms and production

A subsection of Economics, 2281, through 3. Microeconomic decision makers

Listing 10 of 40 questions

General Motors, a large multi-national company based in the United States, sold some of its European car assembly plants to other car manufacturers during the world recession (economic downturn) in 2009. Which economic reason would have been most likely to influence this decision?

2281_w11_qp_13

MCQ

2011

Paper 1, Variant 3

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Two telecommunications companies are to merge to finance investments in new technology, which will be more efficient and require smaller buildings. Three hundred workers will lose their jobs. What will happen to the factors of production used?

2281_w12_qp_12

MCQ

2012

Paper 1, Variant 2

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A Japanese car manufacturer decided to produce its cars in a factory in Europe. What would not be a reason why they might have chosen to do this?

2281_w12_qp_13

MCQ

2012

Paper 1, Variant 3

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Which will encourage domestic producers to grow more maize?

2281_w13_qp_12

MCQ

2013

Paper 1, Variant 2

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Which will encourage domestic producers to grow more maize?

2281_w13_qp_13

MCQ

2013

Paper 1, Variant 3

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Some agricultural co-operatives have changed from labour-intensive to capital-intensive methods of production. What might be a cause of this change?

2281_w16_qp_12

MCQ

2016

Paper 1, Variant 2

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A Japanese car manufacturer decided to produce its cars in a factory in Europe. What would not be a reason why they might have chosen to do this?

2281_w16_qp_12

MCQ

2016

Paper 1, Variant 2

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A firm produced 200 cars a week and employed 50 workers. A fall in demand caused the firm to reduce its output to 160 cars a week and its labour force to 32. What was the percentage change in the firm’s productivity?

2281_w16_qp_13

MCQ

2016

Paper 1, Variant 3

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A Japanese car manufacturer decided to produce its cars in a factory in Europe. What would not be a reason why they might have chosen to do this?

2281_w16_qp_13

MCQ

2016

Paper 1, Variant 3

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Coal production in the UK has declined in recent years. One reason given for this is that the social cost of coal production is too high. What best describes the social cost of coal production?

2281_w18_qp_12

MCQ

2018

Paper 1, Variant 2

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Questions Discovered

40