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1.1 Main economic groups and factors of production

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Question 25

Honey is produced in a small apiary. Its hives are used in production, while the founder has committed savings and arranged the other resources despite uncertainty about the outcome. Which pair of factors is shown by these two features?

[1]
A

The hives are land and the founder's role is enterprise

B

The hives are land and the founder's role is labour

C

The hives are capital and the founder's role is enterprise

D

The hives are capital and the founder's role is labour

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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