Team 1
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Team 2
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Teams
Name
Score
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thief
Give points!
5
10
15
20
25
×
seesaw
Swap points!
Okay!
×
shark
Other team loses 25 points!
Okay!
×
baam
Lose 15 points!
Oops!
15
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Which of these is a free good?
Fire service
Roads
Healthcare
Sunlight
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×
eraser
Reset score!
Oops!
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star
Double points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
15
×
Which of these contains all the four factors of production?
Capital, enterprise, labour, land
Enterprise, interest, land, wages
Interest, profit, rent, wages
Capital, labour, profit, rent
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eraser
Reset score!
Oops!
×
shark
Other team loses 25 points!
Okay!
×
shark
Other team loses 25 points!
Okay!
×
banana
Go to last place!
Oops!
15
×
What is the main role of firms in a market economy?
To provide goods and services
To provide goods and services
To pay subsidies
To provide labour
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15
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Opportunity cost is defined as the value of:
all alternative goods foregone
all alternative goods foregone
the cost of other goods and services
the cost imposed on a third party
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15
×
Which factor of production receives the reward of interest?
D Land
C Labour
B Enterprise
A Capital
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15
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Which of these is an example of a normative statement?
The tax on cigarettes accounts for 80% of the price of cigar
Taxes on cigarettes provide the government with tax revenue
VAT is one of the taxes charged on cigarettes
The government should raise taxes even higher on cigarettes
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15
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Which of the following is a positive statement?
Low unemployment benefits everyone
Market economies are always the most efficient
The UK is a mixed economy
Deflation is bad for everyone
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