Economics
Authored by Aoife Gavin
Business
9th - 12th Grade
Used 27+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the purpose of the four factors of production
To calculate the profit of the business
They are needed to produce goods and provide services
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are the four factors of production
Money, Land, Labour, Marketing
Land, Cash, People, Marketing
Land, Labour, Capital, Enterprise
Enterprise, Land, Money, People
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Scarcity is when we have needs and wants beyond our resources
False
True
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Ireland is an example of a
Mixed economy
Controlled economy
Free economy
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A mixed economy has no government involvement
True
False
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Closed economy
Encourages individual enterprise
Government has total control of enterprise
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
North Korea is an example of a
Mixed economy
Closed economy
Free economy
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