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O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2022 · Q21 Mark

An airline needs people and equipment. These can be divided into factors of production. What is allocated to its correct factor of production?

Aaircraft capital
Bairline owners labour
Ccomputer network land
Dpilots enterprise

✓ Correct answer

A: aircraft capital

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About this question

Topic
The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2022 Paper 1 Variant 2, question 2.

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