Other questions in this quiz

2. What is mixed economy?

  • mixture of either markets and economic planning, public and private businesses or free economy
  • When the economy is sometimes high, but becomes low at points
  • Distinctiveness of the product being offered

3. What is the basic economic problem?

  • Not enough workers to produce goods
  • When there are not enough unlimited supplies for the factors of production
  • When the economy is in decline

4. Which is NOT a demographic

  • Household
  • Income
  • Religion, race, nationality
  • Occupation
  • Behaviour
  • Gender

5. What is the Free economy?

  • When the government does not interfere with any business activity
  • When prices are reduced on products to be fairer for cusomers
  • When economy is at its peak

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