O-LevelEconomicsThe basic economic problem2281/11 · May/June 2015 · Q11 Mark

The following are four ways factors of production are used. What is likely to require the greatest use of the factor enterprise?

Acarpenter making wooden articles in his leisure time for sale at a monthly market

Bcorn farmer negotiating with other farmers to hire expensive machinery

Cfood shop owner sometimes selling flowers in the shop

Dhouseholder harvesting vegetables grown at home

✓ Correct answer

B: corn farmer negotiating with other farmers to hire expensive machinery

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2015 Paper 1 Variant 1, question 1.

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