The factors of production are...

• natural resources, land labour resources, advertising

• land, labour, capital and enterprise

• natural resources, labour, capital and enterprise

• land, capital, enterprise and production

What are the questions that make up the economic problem?

• What to produce, How to produce, for Whom to produce

• Why to produce, How to produce, for Whom to produce

• What to produce, When to produce, for Whom to produce

• What to produce, How to produce, Where to produce

The five sectors of the economy in the circular flow of income model are...

• business, financial injections, labour, imports

• household, goods services, banks, business

• business, consumption, exports, financial, government

• household, business, financial, government, overseas

Globalisation is...

• ...the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

• ...the process of increasing connection between countries through trade, investment, technology and communication.

• ... the term that describes the way countries throughout the world are becoming more interconnected through the use of trade, investment, technology and finance. 

• All of the above

Interconnections between sport, business and the media are sometimes called sport's 'golden triangle' because...

• ...each uses and needs the others to advance their own aims.

• ...there is a lot of money in sport.

• ...sports people wear a lot of gold jewellery.

• ...they spend a lot of time sending money and information between each other.

Interdependence is...

• ...the reliance of people on the countries around them.

• ...the link between people and technology.

• ...the reliance of two or more people or things on each other.

• ...the link that we have with our parents.

Which type of economy does this example represent?

• Planned capitalist

• Planned socialist

• Market socialist

• Market capitalist

Which type of economy does this example represent?

• Planned capitalist

• Planned socialist

• Market socialist

• Market capitalist

Within the circular flow of income, injections are...

• ...transactions that put money into the economy.

• ...transactions that take money out of the economy.

• ...transactions that go to banks.

• ...transactions that stay within the two sectors - households and businesses.

Within the circular flow of income, leakages are...

• ...transactions that put money into the economy.

• ...transactions that take money out of the economy.

• ...transactions that go to banks.

• ...transactions that stay within the two sectors - households and businesses.