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O-LevelEconomicsThe basic economic problem2281/12 · May/June 2025 · Q11 Mark

A university rejects 2000 qualified applicants who wish to study there. Which factor of production could have caused the university to make this decision?

Ainfinite quantity of capital
Bscarcity of labour
Csurplus of land
Dunlimited supply of enterprise

✓ Correct answer

B: scarcity of labour

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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, May/June 2025 Paper 1 Variant 2, question 1.

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