Day: April 13, 2023

Economics Multiple Choice Question – 13 April 2023

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

Photo by Quang Nguyen Vinh on Pexels.com

In a market economy, what is the basis for determining the allocation of factors of production.

Select ONE answer:

  1. the market share of companies
  2. the needs of the country
  3. the pattern of consumers’ spending
  4. the wealth of entrepreneurs

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 3

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

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.