A-LevelEconomicsBasic Economic Ideas and Resource AllocationMay/June 2014Paper 1 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]
Aland ✓, labour ✓, capital ✓, enterprise X
Bland ✓, labour X, capital ✓, enterprise ✓
Cland ✓, labour X, capital ✓, enterprise X
Dland X, labour ✓, capital X, enterprise ✓
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of basic economic ideas and resource allocation within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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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