Year 10 Business Economics Basics Quiz

Which of these is NOT a characteristic of disruptive innovation?

Which of these is NOT a good?

Which of these is NOT an economic question?

South Korea has a command economy.

Which of these is NOT a natural resource?

The industry that deals with turning raw materials into complete products is the _______ industry.

A system of the production, distribution and allocation of resources is a/an...

Most of the businesses in the Australian economy are in the tertiary sector.

The type of economy that is based on the skills of the community and does not create surplus is a _____ economy.

Employees and managers are capital resources.

The police, fire department and public schools are part of the _______ industry.

Which of these is NOT a capital resource?

Australia is most likely has a _________ economy.

A market economy has no competition and is heavily regulated by the government.

The factor of production that involves managing all the other factors is called...