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1.2 Resource allocation

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Question 4

Priya works as a nurse at a hospital and is paid a monthly wage. On Saturday she pays a barber's shop for a haircut. Which statement is correct?

[1]
A

Priya is a seller in a factor market when she works at the hospital

B

The barber's shop is a seller in a factor market when it cuts Priya's hair

C

The hospital is a seller in a factor market when it pays Priya's wage

D

Priya is a seller in a product market when she works at the hospital

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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