Business Studies Multiple Choice Question – 9 January 2020

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

Gold, a commodity, is mined in countries such as South Africa, and traded across the world?

Which ONE of the following would increase the price of gold?

 

Select ONE answer:

  1. Improved gold mining technology increasing output
  2. Decreased levels of tax on gold
  3. Falling income of consumers
  4. Industrial dispute in gold mines

 

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

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

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

 

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