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A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2014 · Q41 Mark

Arfan and his brother Ben own and run a fishing business together. They have one employee, Cephas, who helps on the days when they fish. They employ Dipak. They sell the fish to the owner of a shop. Which row correctly identifies the factors of production involved?

Ashop | Arfan and Ben | money paid for the fish | shop owner
Bshop | Cephas and Dipak | boat | Arfan
Cthe fish | Ben | money paid for the fish | shop owner
Dthe fish | Cephas and Dipak | boat | Arfan and Ben

✓ Correct answer

D: the fish | Cephas and Dipak | boat | Arfan and Ben

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About this question

Topic
Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2014 Paper 1 Variant 2, question 4.

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