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1.1 Main economic groups and factors of production

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Question 7

Grace owns a removals company that operates from a rented yard on an industrial estate. Dan owns a van, which he hires out to Grace's company, and Grace also pays Dan a wage to drive the van on each job. Grace decides which jobs the company accepts and would bear any loss if the company failed.

Which two factors of production does Dan provide to the removals company?

[1]
A

Capital, through the van, and enterprise, through hiring it out

B

Land, through the roads he drives on, and enterprise, through hiring out his van

C

Land, through the roads he drives on, and labour, through his driving

D

Capital, through the van, and labour, through his driving

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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