◈ Oracle PrepSign Up Free
O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2016 · Q11 Mark

Each factor of production earns an income. What correctly identifies the income for labour and capital?

Alabour: profit, capital: interest
Blabour: rent, capital: profit
Clabour: wages, capital: profit
Dlabour: wages, capital: interest

✓ Correct answer

D: labour: wages, capital: interest

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill The basic economic problem and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2016 Paper 1 Variant 2, question 1.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

The basic economic problemMay/June 20121m

What does an economist mean by capital?

The basic economic problemMay/June 20121m

A student leaves school and decides to spend the next two years at a college to improve her qualifications. What is t…

The basic economic problemMay/June 20131m

A tractor factory runs out of important components and has to stop production. How does this illustrate the economic …

Government and the macroeconomyMay/June 20131m

A government wishes to use a fiscal policy measure. What could it do?

Government and the macroeconomyMay/June 20131m

What is the most likely result of an increase in interest rates?

Government and the macroeconomyMay/June 20131m

What is most likely to be the responsibility of a central government?

← Browse all past-paper questions

© 2026 Oracle Prep