Economics Multiple Choice Question – 28 April 2021

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

Economics
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In the “Land of Dragons” there was hyperinflation. Their currency was the Groat.

Which two functions of money might the “Land of Dragons” Groat be most likely to have still performed during this hyperinflation?

Select ONE answer:

  1. the maximum output that can be produced by a firm in a year
  2. the maximum output that can be produced per worker per year in the economy
  3. the maximum output that could be exported from a country
  4. the maximum output of two or more goods in an economy from a given amount of inputs

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

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

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Author: stuart001uk2014

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

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