Theme 1 up to supply and demand Flashcards

1

Which of the following is not a factor of production?

2

Which economist is credited with the concept of the invisible hand?

3

All of the following are types of economy, except ...

4

Which of the following is a renewable resource?

5

The difference in the price paid & the price individuals would be willing to pay is the

6

Which one of the following would lead to a rise in market supply?

7

Which of the following could lead to an increase in demand. A fall in:

8

An outward shift in a PPF could be used to represent:

9

An advantage of specialisation is an increase in

10

A tax on expenditure on goods or services is known as what?

Theme 1 up to supply and demand