A-LevelEconomicsBasic Economic Ideas and Resource AllocationMay/June 2011Paper 1 Q11 Mark
What distinguishes capital from other factors of production?
ACapital exists only in capitalist market economies.
BCapital results from the operation of the other factors.
CThe rewards earned by the owners of capital are uncertain.
DUnlike labour or land, capital must be owned rather than hired or rented.
✓ Correct Answer
The correct answer is B. 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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