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1.2 Resource allocation

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Question 29

A construction company hires bricklayers and then sells completed homes to households. Which classification is accurate?

[1]
A

Both activities occur only in factor markets

B

Both activities occur only in product markets

C

Hiring bricklayers occurs in a factor market and selling homes occurs in a product market

D

Hiring bricklayers occurs in a product market and selling homes occurs in a factor market

Markscheme

1.2 Resource allocation Questions

  1. GCSE
  2. /Economics
  3. /1.2 Resource allocation

84 exam-style questions on AQA GCSE Economics 1.2 Resource allocation, covering 1.2.1a Markets, 1.2.1b Allocation of resources, 1.2.1c Factor and product markets, 1.2.2a Primary, secondary and tertiary sectors, 1.2.2b Goods and services, 1.2.3a Specialisation and the division of labour, 1.2.3b How and why producers specialise, and 1.2.3c Costs and benefits of the division of labour. Each one has a worked solution and a mark scheme showing where the marks go.

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