O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2011 · Q181 Mark

What is an advantage of small-scale production?

Adiseconomies of scale

Bdivision of labour

Cflexible production

Dspreading of overheads

✓ Correct answer

C: flexible production

Oracle Prep sorts past-paper questions by topic, so you can drill Microeconomic decision makers and see which topics are most likely to come up next.

Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2011 Paper 1 Variant 1, question 18.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

A person wishes to buy shares in order to make a long-term profit, but wants as little risk of short-term loss as pos…

Which statement about a country's banks is correct?

Why might factory workers have higher wage rates than agricultural workers?

A firm decides to stop manufacturing ovens and to produce washing machines instead. What is the opportunity cost to t…

What is an advantage of the market economic system?

Which pair of economic institutions can be found in a market economy?