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Economics SSS1 First Term
Test

Economics SSS1 First Term Final Assessment

Economics SSS1 First Term Final Assessment

30 questions · 30 points possible

  1. 01

    All economic system must decide what to produce because

    • Resources are not available
    • Consumer wants maximum satisfaction
    • Resources are limited in supply
    • Producers want maximum profit
  2. 02

    All the following factors determine what to produce except

    • Market demand
    • Consumer income
    • Cost of production
    • Technique of production.
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