Revision

Which stage of production covers house-building?

A government subsidises the production of pineapples

Which of the following is a variable cost of production

What is an example of a public good?

What could be the opportunity cost of a nuclear power station?

A country changes from planned to market economy. What effect will this have?

A market dominated by just two suppliers is known as

The Central Bank of the United Territories increases interest rates from 5% to 6 %. Effects?

A demand curve shows the relationship between the quantity demanded and

a government decides that an economy should make more use of the market. Which policy can help?

Bad weather causes a poor harvest. Which movement could be used to represent this change?

all of the following are important characteristics of a good money except:

Which characteristic would strengthen the power of a trade union?

A government wishes to help people with very low incomes. Which policy would achieve this?

the stock market is a market for

What might a government change when it uses monetary policy?

agricultural co-operatives have changed from labour-intensive to capital-intensive production.

How do you calculate PED?

What can a government do to increase aggregate demand in its economy?

the supply of labour to an occupation will tend to rise when

Demand for a product is likely to be price inelastic

cities introduced charges for using vehicles during peak traffic. possible external benefits?

When is there a budget surplus?

Which of the following best describes a public limited company?

Economic growth can be defined as:

Which aim of government policy is most likely to be achieved by an increase in interest rates?

The basic economic problem faced by all economies is

A firm expands its scale of production by investing in factory space and machinery. Impact?

Disposable income is

What effect would an increase in labour productivity have on an economy?