Economics Multiple Choice Question – 10 April 2019

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

Economics

If a government decides to provide health care free at the point of delivery, then:

Select ONE answer:

  1. the demand for health care will be perfectly elastic
  2. health care will become non-rival
  3. some form of rationing will have to be used in the allocation of health care
  4. there will be no opportunity cost involved in the supply of health care

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 3

  1. The demand for health care would still fall should a higher price be charged.
  2. Health care will still be a rival.
  3. Correct: Demand will exceed supply so some method will have to be used to decide who will be treated
  4. There will be an opportunity cost as the resources which will be used could be utilised in producing other goods and services.

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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