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WorksheetsEconomics - Production Possibilities
Total questions: 10
Worksheet time: 5mins
The body that steps in and pay welfare grants and pensions to help the poor
Police
Government
The United States
What may develop due to a lack of competition in a market.
Crime
Economic Instability
Monopolies
Monopolies develop do to a lack of what?
Vision
Competition
Planning
Administration.
Monopolies exploit consumers. Is this statement TRUE or FLASE
TRUE
FALSE
More competition creates better....
Inefficiency
Efficiency
What makes the production process more expensive.
Laws
Supervision
A lack of supervision
Exploiting the natural resources and not taking care of it is called
Marketing
Production
Pollution
Welfare grant payments creates a larger market and more
Problems
Consumers
Political parties
Welfare grants create a .................... market
Larger
Smaller
1. Monopolies dictate the ................ of a certain good or service.
Age
Date
Price
