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O-LevelEconomicsThe allocation of resources2281/13 · Oct/Nov 2024 · Q21 Mark

The management of an airline decided to replace its aeroplanes with more technologically advanced aircraft. At the same time, the company retrained its pilots. Which factors of production has the airline improved?

Acapital and labour
Bcapital and land
Clabour and enterprise
Dland and enterprise

✓ Correct answer

A: capital and labour

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2024 Paper 1 Variant 3, question 2.

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