Bundle > All Key Terms in IGCSE Economics Questions and Answers Complete Package

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All Key Terms in IGCSE Economics Questions and Answers Complete Package

All Key Terms in IGCSE Economics Questions and Answers All the key terms studied in IGCSE Edexcel Economics Course (4EC0) (Questions with Answers.) Economics IGCSE EDEXCEL Questions And Answers. IG... CSE Economics 0455 Practice Questions and Answers (2023) IGCSE Economics quiz with Correct resolutions. CIE IGCSE Economics Questions and Answers IGCSE Economics Questions with Complete Answers. [Show More]

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 Economics> IGCSE > All Key Terms in IGCSE Economics Questions and Answers (All)

All Key Terms in IGCSE Economics Questions and Answers

Definition of opportunity cost Correct Answer the cost of the next best opportunity forgone The effects of opportunity cost on workers Correct Answer specialization The production possibility cu...

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IGCSE

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 Economics> IGCSE > All the key terms studied in IGCSE Edexcel Economics Course (4EC0) (Questions with Answers.) (All)

All the key terms studied in IGCSE Edexcel Economics Course (4EC0) (Questions with Answers.)

Economics Correct Answer The study of how society manages its scare resources to satisfy unlimited wants Economy Correct Answer A system that attempt to solve the basic economic problem. Micro-e...

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IGCSE

$10

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 Economics> IGCSE > Economics IGCSE EDEXCEL Questions And Answers. (All)

Economics IGCSE EDEXCEL Questions And Answers.

Advalorem tax Correct Answer Tax levied as a percentage of the price of a good. Average costs Correct Answer The cost per unit of output; it is equal to total cost divided by output. Basic econo...

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IGCSE

$8

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 Economics> IGCSE > IGCSE Economics 0455 Practice Questions and Answers (2023) (All)

IGCSE Economics 0455 Practice Questions and Answers (2023)

Economic Growth Correct Answer The increase in output of the value of the goods and services produced in a country over a period of time Supply-side Policy Correct Answer A government action which...

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IGCSE

$8

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 Economics> IGCSE > IGCSE Economics quiz with Correct resolutions. (All)

IGCSE Economics quiz with Correct resolutions.

Factors affecting demand Correct Answer Advertisement, income, fashion, price, complements, substitutes. Factors affecting supply Correct Answer Cost of production, technology, natural factors. Infe...

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IGCSE

$5

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 Economics> IGCSE > CIE IGCSE Economics Questions and Answers (All)

CIE IGCSE Economics Questions and Answers

What is the basic economic problem Correct Answer how to allocate resources to satisfy unlimited needs and wants (scarcity) What is the chain of production Correct Answer describes how businesses...

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IGCSE

$10

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 Economics> IGCSE > IGCSE Economics Questions with Complete Answers. (All)

IGCSE Economics Questions with Complete Answers.

Opportunity cost Correct Answer A cost of choosing one thing over the next best alternative. The economic problem Correct Answer The idea that resources are scare and wants are unlimited Economy...

By Mabuka

IGCSE

$10

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