Economics revision

An educational infographic depicting the four factors of production: Land, Labor, Capital, and Enterprise, surrounded by symbols representing economics, such as graphs, currency, and a globe.

Economics Revision Quiz

Test your knowledge of key economic concepts with our engaging Economics Revision Quiz. Whether you're a student preparing for exams or just interested in brushing up on your economics, this quiz has something for everyone.

In this quiz, you'll cover essential topics like:

Factors of Production
Circular Flow Model
Opportunity Costs
Government Influence on Economy

11 Questions3 MinutesCreated by AnalyzingEagle32

The 4 Factors of Production are Land, Labour, Capital and Enterprise

True

False

An Opportunity cost is

In the Circular Flow Model the three withdrawals are : Bank, Government and Commerce

True

False

The Government can influence its income by:

Altering the Tax Rate

Encouraging People back into work

Borrowing Money

All of the above

The Economic Problem is concerned with : what, who and :

When

Where

How

On a typical Supply and Demand Graph the Quantity will be shown on the Vertical Axis

True

False

On a typical Supply and Demand Diagram the demand curve will slope downward from left to right

True

False

One of the issues the CMA is concern about is Monopoly, a Monopoly is:

GDP stands for

Gross Domestic Profit

Gross Direct Production

Gross Domestic Product

The Welfare State came into existance in the

40's

50's

60's

70's

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