Exam-style question
Try this first
Which of the following is an example of an economic assumption?.
- A.The discovery of new oil reserves will lower global crude oil prices.
- B.Interest rates are currently at their highest level in a decade.
- C.Consumers always make purchasing decisions to maximise their satisfaction.
- D.Government intervention always leads to market failure.
Answer and explanation
Attempt the question first, then reveal the model answer and explanation.
Common mistake
No common mistake is linked to this question yet.