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1.2 Resource allocation

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Question 14

A farmer specialises in apples and no longer produces the other goods her household uses. Why does exchange become important?

[1]
A

Apple output can be traded for goods and services produced by other specialists

B

Exchange allows the farmer to consume without giving up any apples or money

C

Specialisation makes the household completely self-sufficient

D

The farmer can satisfy every want using apples directly

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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