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1.1 Main economic groups and factors of production

1.1 Main economic groups and factors of production

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Question 7

A publicly owned railway buys new trains from a private manufacturer and sells journeys to passengers. Which statement is most accurate?

[1]
A

The government can be a producer and also a consumer of another producer's output

B

Only the manufacturer is a producer because governments cannot produce services

C

Passengers supply capital when they purchase tickets

D

The trains are land because they are used for transport

Markscheme

1.1 Main economic groups and factors of production Questions

  1. GCSE
  2. /Economics
  3. /1.1 Main economic groups and factors of production

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.

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