Edexcel AS Microeconomics

Which of the following is not a non-renewable resource?

A good that is non-exclusive and non-rivalrous is known as what type of good?

Which of the following does not affect price elasticity of supply?

Which of the following is not a factor of production?

Which of the following is least likely to be a normal good?

An externality is a cost or benefit to whom?

When the price elasticity of demand is equal to 1, the good is termed as ...

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

A non-differentiated product is known as what?

Declaring a good illegal is known as ?

What is the correct term for a grant given to producers by government to encourage production?

An agreement between firms in a market on price & output to maximise joint profits is known as?

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

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

Which of the following is not an economic agent?

The difference in the price paid & the price consumers would be willing to pay is the consumer?

A positive consumption externality is when ...

Which type of good experiences a rise in demand when incomes fall?

Which of the following is least likely to be viewed as a demerit good?

Which of the following is most likely to be viewed as a merit good?