VCE Economics - Unit 1 AOS 1 Quiz - Statistics

General Stats

Answer Stats

Hint	Answer	% Correct
	Allocative	74%
What are the three types of resources?*	Labour	68%
	Capital	63%
	How to produce?	63%
	Government	58%
What are the sectors in a five-sector flow model?	Business	53%
	Household	53%
	Natural	53%
What are the four types of efficiency?	Productive	53%
	For whom to produce?	47%
	Dynamic	42%
	Financial	37%
	Overseas	37%
	Informed Decision Making	32%
	Intertemporal	26%
What does the tradition economic model believe consumers make decisions based on?	Self-Interest	26%
	Rationality	21%
	Marginal Benefits of Consumption	16%
	Utility Maximisation	11%
What are the three basic economic questions?	What and how much to produce?	11%

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