Economics

When choosing between two items this is called...

• Financial Cost

• Opportunity Cost

• Priorities

• benefits

Wealth is not Just Money

• True

• False

Which of the following is not a factor of production

• Labour

• Land

• Capital

• Organisations

Factors of production are

• Resources used

• Jobs

• Building blocks for the economy

• People

Ireland has a

• Centrally planned economy

• Command economy

• Free enterprise

• Mixed Economy

A economy controlled by the government is called

• Centrally planned economy

• Mixed economy

• Free market economy

• Free enterprise

What sector is fully controlled by the government

• Private sector

• Public sector

Name any 2 departments in the government

Which is an example of a local authority

• Manager

• Dog walker

• Garda

• Bouncer

A Charity is

• Private sector

• Voluntary Sector

• Public Sector

• Semi-State Companies