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2.1 The role of markets

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Question 8

Which of the following transactions takes place in a factor market?

[1]
A

A shopper pays a courier firm to deliver a birthday present

B

A courier driver spends part of her wages on a takeaway meal

C

A courier firm buys a new van to carry parcels to customers

D

A family buys a new van to carry bikes on camping trips

Markscheme

2.1 The role of markets Questions

  1. GCSE
  2. /Economics
  3. /2.1 The role of markets

76 exam-style questions on OCR GCSE Economics 2.1 The role of markets, covering 2.1.1 What is a market, 2.1.2 Primary, secondary and tertiary sectors, 2.1.3 Factor and product markets, and 2.1.4 Specialisation and exchange. Each one has a worked solution and a mark scheme showing where the marks go.

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