Economics Multiple Choice Question – 20 December 2021

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

Economics
Photo by Kelly Lacy on Pexels.com

Which statement is correct?

Select ONE answer:

  1. In the short run all factors of production are fixed; in the long run all factors are varied.
  2. In the short run at least one factor is fixed; in the long run all factors can be varied.
  3. In the short run at least one factor is varied; in the long run all factors are fixed.
  4. In the short run at least one factor is varied; in the long run at least one factor is fixed.

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 2

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

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Author: stuart001uk2014

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

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