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Duplicate of AS Economics - Basics Flashcards | StudBud

Explore/Duplicate of AS Economics - Basics

Duplicate of AS Economics - Basics

10 terms·StudBud Administration·70 plays

AS Economics AQA Component 1 #basicaseconomics #ppf #opportunitycost #scarcity #factorsofproduction #specialisation

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Questions 10

Answers

1
Normative / Positive statements...
B
C
A
D
2
Positive statement...
D
A
B
C
3
Specialisation...
D
A
B
C
4
PPF...
A
B
C
D
5
Fundamental economic problem...
C
A
B
D
6
Factors of production...
C
A
B
D
7
PPF...
OF
KL
JK
OJ
8
Economic activity...
B
A
D
C
9
Money as medium of exchange...
C
D
B
A
10
PPF...
B
C
A
D