O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2017 · Q11 Mark

Economists refer to factors of production. Which is not a factor of production?

Athe fields of a farm

Bthe machinery in a factory

Cthe shares of a company

Dthe staff in an office

✓ Correct answer

C: the shares of a company

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 1.

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