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WorksheetsEconomics - Producers Revision
Total questions: 30
Worksheet time: 32mins
We need to ensure that we gain the maximum output for each unit of i____ – whether those inputs are h____resources, n______ resources or c______ resources.
(a)
This idea of output per unit of input is called (a) .
Workers can increase their skills by focussing on producing one main commodity or a very narrow range of commodities; this is called s_____________ or by focussing on one part of the production process d_______ o_ l_____.
(a)
Productivity can also be increased by improvement in t (a)
The formula for calculating productivity is ______ / _____
(a)
Human-made materials used to produce goods and services.
capital
land
labour
entrepreneur
material from Earth needed to make goods and services
natural
labour
capital
entrepreneur
the amount of money a business makes after its expenses are paid
profit
supply
demand
scarcity
when a producer becomes skilled at producing one good or service
specialisation
scarcity
profit
labour
The amount of goods and services produced
Production
Productivity
When the scale of production becomes larger and average costs of production decreases. _________ __ _____
(a)
Output per unit of input
Production
Productivity
When a job is divided up into separate tasks carried out by different people or groups. ________ __ ______.
(a)
Which firm has increased its productivity in Year 2?
Firm A
Firm B
Firm C
For Jessie’s Fish and Chip Shop, what represents Horizontal Integration.
Buying a potato farm
Buying another Fish and Chip shop
Buying a hairdresser.
For Jessie’s Fish and Chip Shop, what represents Vertical Integration.
Buying a potato farm
Buying another Fish and Chip shop
Buying a hairdresser.
For Jessie’s Fish and Chip Shop, what represents diversification.
Buying a potato farm
Buying another Fish and Chip shop
Buying a hairdresser.
For Trendz Swimwear Manufacturers, what represents diversification.
Buying a lycra manufacturer.
Buying shares in Speedo.
Buying a swim school.
For Trendz Swimwear Manufacturers, what represents vertical integration.
Buying a lycra manufacturer.
Buying shares in Speedo.
Buying a swim school.
For Trendz Swimwear Manufacturers, what represents horizontal integration.
Buying a lycra manufacturer.
Buying shares in Speedo.
Buying a swim school.
Which ones are commercial goals?
Profit Maximisation
Sales Maximisation
Social Responsibility
Environmental Sustainability
Which ones are non-commercial goals?
Profit Maximisation
Sales Maximisation
Social Responsibility
Environmental Sustainability
This is an example of
Human resource
Natural resource
Capital resource
Pamela lives in a small rural town and owns her own bakery. She produces breads, cakes and biscuits and sells these to the local supermarket. Pamela employs one other person, who helps with the baking. Her business is part of the
Primary Sector
Secondary Sector
Tertiary Sector
Which year did Pamela experience the highest productivity?
2000
2001
2002
2003
Which one is vertical integration?
The farmland
The craft shop
The bakery
Which one is horizontal integration?
The farmland
The craft shop
The bakery
Which one is diversification?
The farmland
The craft shop
The bakery
Waihi Mine's main goal is to ________ _____
(a)
In order for Waihi mine to maximise profit it needs to be environmentally sustainable. This is an example of a ___ - __________ goal.
(a)
