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Business and the economy. Unit 6 Flashcards | StudBud

Explore/Business and the economy. Unit 6

Ireland runs a 'Free market economy?'

Tick which of these are a Factor of Production?

Business and the economy. Unit 6

6 terms·StudBud Administration·24 plays

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Questions 6

Answers

1
Tick which of these are a Factor of Production?
Entetprise
Capital
Labour
Land
2
Ireland runs a 'Free market economy?'
False
True
3
Which of these is an Economic Variable?
Inflation
Interest Rates
Exchange Rates
Taxation Rates
4
In a Centrally planned economy, the state controls?
All of the Fators of Production
The means to wealth
Some of the factors of Production
None of the factors of Production
5
There are 3 Economic systems?
False
True
6
Inflation in Ireland is currently runing at?
5%
0%
8%
10%