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O-LevelEconomicsThe allocation of resources2281/11 · May/June 2022 · Q131 Mark

The development of artificial intelligence in machines raises the productivity of capital. What will be the effect of this?

AThe costs of production will increase.
BThe demand for capital will increase.
CThe price of capital will fall.
DThe supply of capital will decrease.

✓ Correct answer

B: The demand for capital will increase.

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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, May/June 2022 Paper 1 Variant 1, question 13.

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