1091. The free market involves :
A. The free provision of products
B. The subsiding of products by the government
C. The forces of supply and demand in the market *
D. All trade via barter
1092. A mixed economy:
A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demand
D. Has market forces and government intervention *
1093. In a command (Planned) economy:
A. An incentive is provided by the price mechanism.
B. Resources are allocated by Market forces
C. People firms go with choices for themselves about what to deliver and how to create it :
D. The public sector is large *
1094. The public sector includes :
A. Investors owning company
B. Government ownership of assets *
C. Market forces of supply and demand
D. All trade via barter
1095. Which of the following is a normative statement in economics ?
A. More spending by the government reduces poverty
B. A decreased desire to work is caused by higher taxes:
C. The UK economy is growing fast relative to other european union members
D. Reducing unemployment should be the primary focus of the government *
1096. If an economy is productively efficient :
A. Everyone is wealthy
B. Resources are unemployed
C. More of one product can only be produced if less of another product is produced *
D. The distribution of income is equal
1097. Economic growth can be shown by :
A .shift of the production opportunity frontier inward
B. A step backwards along the production opportunity frontier
C. A shift in the production possibility frontier’s direction *
D. An expansion of the production opportunity frontier
1098. This can be demonstrated by the fact that resources are moved from one industry to another:
A. shift of the production opportunity frontier inward
B. A development along the creation plausibility boondocks *
C. A shift in the direction of the production opportunity frontier
D. A outward shifting the demand curve for the products
1099. In a free market the combination of products produced will be determined by :
A. The market’s forces of supply and demand
B. The government
C. The law
D. The public sector
1100. An economy may operate outside the production possibility frontier if :
A. It is not utilising its resources fully
B. It is being productively efficient
C. It is a mixed economy
D. It is trading with other economics *