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1.1 Main economic groups and factors of production

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Question 15

A government department uses tax revenue to create online flood-risk forecasts with its own staff. Households can access the forecasts without charge. Which statement is correct?

[1]
A

Funding the forecasts from tax revenue makes their creation an act of consumption.

B

Creating and supplying the forecasts is production, despite households not being charged.

C

Using the forecasts makes households producers, since the information affects their decisions.

D

Publishing the forecasts is rule setting, since the information comes from a government department.

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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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