Introduction to Economics (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is a mixed economy?
What is a mixed economy?
Individuals, orgs & govt collaborate
Which three groups allocate resources in a mixed economy?
Which three groups allocate resources in a mixed economy?
Individuals, orgs & govt
Which taxes do individuals pay to fund govt services?
Which taxes do individuals pay to fund govt services?
Income tax & VAT
What are individuals called when they establish new enterprises?
What are individuals called when they establish new enterprises?
Entrepreneurs
What might individuals sell land for?
What might individuals sell land for?
Secondary schools or retail parks
How do organisations contribute through employment?
How do organisations contribute through employment?
They offer jobs for wages
What do organisations provide to help businesses buy equipment?
What do organisations provide to help businesses buy equipment?
Funding for capital items
What is govt direct employment?
What is govt direct employment?
Jobs in education & healthcare
Which agency provides Startup Refunds for Entrepreneurs?
Which agency provides Startup Refunds for Entrepreneurs?
SURE
What does govt tax revenue fund?
What does govt tax revenue fund?
Roads, schools & hospitals
What is a primary way individuals contribute to resource distribution?
What is a primary way individuals contribute to resource distribution?
Taxation
In the Maria Goretti example, what do individuals contribute?
In the Maria Goretti example, what do individuals contribute?
Time & donations