Other questions in this quiz

2. What is opportunity cost?

  • Loss of the benefits you would get if you chose the other option
  • The amount of capital needed to invest in new business ideas
  • Loss of Capital through poor investment opportunities

3. What is mixed economy?

  • Distinctiveness of the product being offered
  • 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

4. What is a market?

  • where buyers and sellers meet to exchange goods
  • An area where clothes are displayed
  • A place that makes goods from raw materials

5. Which is NOT a demographic

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

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