The government requires safer toys, firms alter production and consumers pay a slightly higher price. What does this best illustrate?
The three main economic groups are interdependent
Government decisions affect producers but never consumers
Consumers provide all the capital used by firms
Producers can ignore government decisions
29 exam-style questions on OCR GCSE Economics 1.1 Main economic groups and factors of production, covering 1.1.1 Role of main economic groups and 1.1.2 Factors of production. Each one has a worked solution and a mark scheme showing where the marks go.