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:
- Improved gold mining technology increasing output
- Decreased levels of tax on gold
- Falling income of consumers
- Increased cost of mining gold
Show the workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 4
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