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1.1 Main economic groups and factors of production

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Question 18

Stone is extracted from a hillside by a business whose owner chooses how to combine resources and accepts the possibility of financial loss. The hillside and the owner's role illustrate which pair of factors of production?

[1]
A

The hillside is capital and the owner's role is enterprise

B

The hillside is capital and the owner's role is labour

C

The hillside is land and the owner's role is labour

D

The hillside is land and the owner's role is enterprise

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

77 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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