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1.2 Resource allocation

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Question 1

Table 1 gives four proposed examples of a factor market and a product market.

RowFactor marketProduct market
ACinema ticketsShop assistants
BFamily carsFactory sites
CRestaurant mealsChefs hired by restaurants
DNurses hired by a clinicDental check-ups for patients

Using Table 1, which row is correct?

[1]
A

Row A

B

Row B

C

Row C

D

Row D

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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