How Economic Systems Attempt To Allocate Resources Effectively

10 Questions  I  By Kingfisher007
In our economic system we have three main resources that are combined into goods and services. In this quiz we will test the users knowledge of the importance of scarcity of resoures in economics and how effectively the various economic systems attempt to allocate these resources. Knowledge of how different economic systems work will also be tested here. 

  
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1.  In economics we have three main resources that are combined into goods and services, these are;
A.
B.
C.
D.
2.  The Koyoto agreement which was discussed in 1997 and ratified in 2001 and 2004, is a legally binding agreement between signed up countries to meet emmisions reduction targets of all greenhouse gases by 2012 relative to 1990 levels.This would explain why scarcity of resources is important to our business enviroment. Which resource below is threatening our present day exisitence.
A.
B.
C.
D.
3.  There are two main types of ecomonmies, can you name them?
A.
B.
C.
D.
4.  A totally  free market is rather hard to achieve, with most governments interfering with the economic structure, what do we call this type of economy, where governments control some of the economy.
A.
B.
C.
D.
5.  How can a demand economy be a good idea?
A.
B.
C.
D.
6.  Mixed economy generally has a large public sector, examples of these are;
A.
B.
C.
D.
7.  Is a public sector in a mixed economy a good thing and why?
A.
B.
C.
D.
8.  A mixed economy would try to privatise some sectors of the public sector, like railways, and telecommunications, is this a good idea and why?
A.
B.
C.
D.
9.  What is the main advantage of a market economy?
A.
B.
C.
D.
10.  The primary sector is made up of ;
A.
B.
C.
D.
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