AQA GCSE Economics (8136): How markets work overview quiz quiz
12questions. Pick an answer and you'll see why right away.
What is the economic problem?
Which list correctly names the four factors of production?
What causes a movement along the demand curve rather than a shift?
A fall in the cost of raw materials will most likely cause the supply curve to:
At a price above the equilibrium price, a market will have:
Demand for a good is described as price inelastic when:
A firm raises its price and finds that total revenue falls. This shows demand is:
Which is a disadvantage of the division of labour for workers?
Which of these is a function of money?
Which of these is an example of a negative externality?
Why does the free market tend to under-provide public goods such as street lighting?
Which is a likely benefit of competition for consumers?