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A-LevelEconomicsBasic Economic Ideas and Resource AllocationOct/Nov 2014Paper 1 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

The correct answer is D. This question tests the candidate's understanding of basic economic ideas and resource allocation within the Economicssyllabus. The examiner's mark scheme requires...

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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

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About This A-Level Economics Question

This multiple-choice question appeared in the Cambridge A-Level Economics (9708) Oct/Nov 2014 examination, Paper 1 Variant 2. It tests the topic of Basic Economic Ideas and Resource Allocation and is worth 1 mark.

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