Day: January 13, 2018

Economics Multiple Choice Question – 13 January 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

A relative price is?

Select ONE answer:

  1. The number of dollars that must be given up in exchange for the good.
  2. The ratio of one price to another price.
  3. Not an opportunity cost.
  4. Also called the money price.

What is meant by the term ‘gross profit’?

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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