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1.1 Economic foundations

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Question 38

A pottery workshop reviews how its resources have been classified in Table 1.

RowResourceFactorReward
APottery worker who shapes bowlsLabourWages
BKiln used to fire potteryCapitalInterest
CClay in the ground before extractionLandProfit
DOwner who organises the resources and carries the riskEnterpriseProfit

Using Table 1, which change should be made?

[1]
A

Change the factor for the kiln from capital to land.

B

Change the factor for the owner from enterprise to labour.

C

Change the reward for the pottery worker from wages to interest.

D

Change the reward for the clay in the ground from profit to rent.

Markscheme

1.1 Economic foundations Questions

  1. GCSE
  2. /Economics
  3. /1.1 Economic foundations

81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.

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