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Economics> IGCSE > All Key Terms in IGCSE Economics Questions and Answers (All)
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...
By Mabuka
IGCSE
$13.00
Economics> IGCSE > All the key terms studied in IGCSE Edexcel Economics Course (4EC0) (Questions with Answers.) (All)
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...
By Mabuka
IGCSE
$10.00
Economics> IGCSE > Economics IGCSE EDEXCEL Questions And Answers. (All)
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...
By Mabuka
IGCSE
$8.00
Economics> IGCSE > IGCSE Economics 0455 Practice Questions and Answers (2023) (All)
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...
By Mabuka
IGCSE
$8.00
Economics> IGCSE > IGCSE Economics quiz with Correct resolutions. (All)
Factors affecting demand Correct Answer Advertisement, income, fashion, price, complements, substitutes. Factors affecting supply Correct Answer Cost of production, technology, natural factors. Infe...
By Mabuka
IGCSE
$5.00
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