Zoe2968
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Zoe2968
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Economics

Question 1 of 5

1

1. Unemployed worker accepts the job
Which of the following is an opportunity cost of this decision?

Select one of the following:

  • a. The cost of travel to work

  • B. income from the new job

  • C. The leisure time lost

  • d. The training in the new job

Explanation

Question 2 of 5

1

A hospital cannot treat all the peoples that need treatment. This is an example as

Select one of the following:

  • A. Excess supply

  • B. Limited wants

  • C.Scarcity

  • d. Unlimited wants

Explanation

Question 3 of 5

1

Economic growth in Russia and China used to be led by the public sector. Now it results more from activities in the private sector. However, both sectors are important
Which term describes the current system in Russia and China

Select one of the following:

  • a. Market

  • B. mixed

  • C. Planned

  • D, subsistence

Explanation

Question 4 of 5

1

The table shows how employment in five industries changed in a country between 1985 and 2000.

1985 (thousand). 2000 (thousand)
Banking finance. 2336 2881
Distribution and catering 4678. 5323
Extractions of minerals 2278. 1794
Manufacturing 4102. 3128
Transport 2550. 2304
According to the table which type of employment has increased?

Select one of the following:

  • A. Primary

  • b. secondary

  • c tertiary

  • d total

Explanation

Question 5 of 5

1

What is necessary for a company to be classified as a multi-national?

Select one of the following:

  • A. It diversifies it's ranges of products

  • b. it exports most of its outputs

  • C. It increases it's scale of production

  • D. It produces some of it's output in different country

Explanation

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