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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 10

A clothing firm installs automated cutting machines, employs fewer cutters and asks its owner to redesign the production process. Which change in its combination of factors is most accurate?

[1]
A

Land rises, capital falls and labour bears the financial risk

B

Labour rises, enterprise falls and capital provides natural resources

C

Enterprise rises, land falls and capital becomes unnecessary

D

Capital rises, labour falls and enterprise helps reorganise production

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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