1) This shops sells products by the unit. It's a ....... shop a) unitary b) retailer c) wholesale d) personal 2) This word refers to the limited access to certain resources a) inexistence b) shortage c) abundance d) scarcity 3) One of these words is not a factor of production a) land b) labour c) growth d) enterprise 4) In business terms, why is specialisation important? a) workers learn more b) limited resources are used efficiently c) production is faster d) prices are lower 5) "Opportunity cost" makes reference to ... a) what you give up to get what you want b) the low price paid for a good product c) your chances to get the product you want d) how often you can find your favourite product

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