QuizMaster A. There are no fixed factors of production
B. There are no variable factors of production
C. Utility is maximised when marginal product falls
D. Some factors of production are fixed
A. An increase in demand
B. More government spending
C. Better training of employees
D. Productive inefficiency
A. Constantly increasing
B. Fixed at any moment
C. Constantly decreasing
D. Able to be transferred easily between industries
A. It is not utilizing its resources fully
B. It is being productively efficient
C. It is a mixed economy
D. It is trading other economies
A. Market forces of supply and demand
B. The government
C. The law
D. The public Sector
A. An inward shift of the production possibility frontier
B. A movement along the production possibility frontier
C. An outward shift of the production possibility frontier
D. A decision by the government to produce inside the production possibility frontier
A. New classical economists
B. left-wing theorists
C. interventionist policies
D. monetarists
A. Technological change has made it possible for many industries to become more competitive
B. Because few real natural monopolies exist there is rarely a reason for government regulation
C. Many instances of government regulation have succeeded in reducing competition in industries where competition may be beneficial
D. All of the above
A. Publicly held stock to private individuals
B. corporately owned businesses to individuals
C. government businesses to the private sector
D. Privately owned business to the government sector
A. The charities economy
B. The demand side of the country
C. The underground economy
D. the supply side of the economy