Economics Multiple Choice Question – 26 August 2018

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

The decrease in consumer surplus and producer surplus that results from an inefficient level of production is called the ….

Select ONE answer:

  1. external benefits
  2. big tradeoff
  3. external cost
  4. deadweight loss

Explain how the price mechanism works in the context of mass markets:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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