Day: March 28, 2019

Economics Multiple Choice Question – 28 March 2019

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

Which of the following describes a free good?

Select ONE answer:

  1. A free good is one given away to consumers to promote the sale of other goods
  2. A free good is one provided free of charge to consumers by the government
  3. A free good is one that gives zero satisfaction to consumers
  4. A free good is one that has zero opportunity cost

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

  1. Subsidised by retailer/producer.
  2. Subsidised by the government.
  3. Zero marginal utility.
  4. Correct: Definition.

 

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