Have an account?
Skip to Content
Introducing new Paper mode
No student devices needed. Know more
10 questions
Show Answers
See Preview
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
What are the four factors of production
Money, Land, Labour, Marketing
Land, Cash, People, Marketing
Land, Labour, Capital, Enterprise
Enterprise, Land, Money, People
- Multiple ChoicePlease save your changes before editing any questions.
Scarcity is when we have needs and wants beyond our resources
False
True
- Multiple ChoicePlease save your changes before editing any questions.
Ireland is an example of a
Mixed economy
Controlled economy
Free economy
- Multiple ChoicePlease save your changes before editing any questions.
A mixed economy has no government involvement
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Closed economy
Encourages individual enterprise
Government has total control of enterprise
- Multiple ChoicePlease save your changes before editing any questions.
North Korea is an example of a
Mixed economy
Closed economy
Free economy
- Multiple ChoicePlease save your changes before editing any questions.
Irish beef is a popular
Export out of Ireland
Import in to Ireland
- Multiple ChoicePlease save your changes before editing any questions.
Imports are good and services sold to other countries
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Invisible trade is the trade of goods
True
False