Author: stuart001uk2014

Scarcity requires that people must?

Select ONE answer:

1. Trade
2. Compete
3. Cooperate
4. Make choices

What is meant by stakeholders conflicts?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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Economists point out that scarcity confronts?

Select ONE answer:

1. The rich but not the poor
2. The poor but not the rich
3. Both the poor and the rich
4. Neither the poor nor the rich

What is meant by stakeholders objectives?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3

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

Economics is best defined as the study of how people, businesses, governments, and societies?

Select ONE answer:

1. Make choices to cope with scarcity.
2. Attain wealth.
3. Choose abundance over scarcity.
4. Use their infinite resources.

What is meant by stakeholders or economic agents?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1

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The most fundamental economic problem is ………?

Select ONE answer:

1. Security.
2. The fact the UK imports more goods from foreign countries than we export goods to foreign countries.
3. Health.
4. Scarcity.

What is meant by the business objective of “social objectives”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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An incentive ………?

Select ONE answer:

1. Is the opposite of a tradeoff.
2. Could be a reward but could not be a penalty.
3. Could be either a reward or a penalty.
4. Could be a penalty but could not be a reward.

What is meant by the business objective of “customer satisfaction”?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3

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