A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2014 · Q41 Mark
Meera has just finished a course at art college and has decided to set up a business producing clay figures of famous people. Which factors of production is she likely to have to purchase from other businesses? [Table showing factors of production: land, labour, capital, enterprise, with rows A, B, C, D and a key ✓ = purchased, X = not purchased]
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Aland ✓, labour ✓, capital ✓, enterprise X
Bland ✓, labour X, capital ✓, enterprise ✓
Cland ✓, labour X, capital ✓, enterprise X
Dland X, labour ✓, capital X, enterprise ✓
✓ Correct answer
C: land ✓, labour X, capital ✓, enterprise X
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