460343
Descrição
Quiz por eloise.drake, atualizado more than 1 year ago
|
Criado por eloise.drake
quase 11 anos atrás
|
|
Questão 1
Questão
What is the basic economic problem?
Responda
-
Scarcity
-
Debt
Questão 2
Questão
What is opportunity cost?
Responda
-
The next best alternative forgone
-
A limited resource
Questão 3
Questão
What are the 4 factors of production?
Responda
-
Enterprise, Labor, Capital, Money
-
Land, Labor, Enterprise, Money
-
Money, Enterprise, Capital, Land
-
Capital, Land, Enterprise, Labor
Questão 4
Questão
Specialisation is.... the process in which individuals, firms and countries focus on just one area of production.
Responda
- True
- False
Questão 5
Questão
Does division of labor decrease productivity?
Responda
- True
- False
Questão 6
Questão
The advantages of specialisation are? (3)
Responda
-
Increased productivity
-
Reduces time spent on tasks
-
Increases worker morale and motivation
-
Makes it easier to train workwes
-
Increases worker flexability
Questão 7
Questão
What are the disadvantages of specialisation? (3)
Responda
-
It facilitates the use of automation
-
Decreases worker morale
-
Can result in a fall in staff productivity
-
Increases time spent on tasks
-
Worker flexibility drcreases
Questão 8
Questão
What is a PPF?
Responda
-
A diagrammatic illustration if the concept of scarcity
-
Production Possibility Frontier
Questão 9
Questão
The PPF shows the production potential of an economy given existing resources
Responda
- True
- False
Questão 10
Questão
Which diagram is correct
Responda
-
Image:correct_ppf (image/png)
-
Image:incorrect_ppf (image/png)
Quer criar seus próprios Quizzes gratuitos com a GoConqr? Saiba mais.