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2.1 The role of markets

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Question 14

In which transaction is the payment the price of a factor of production?

[1]
A

A bicycle repair business pays a café for sandwiches for a staff lunch

B

A household pays a bicycle repair business for a new cycle helmet

C

A bicycle repair business pays rent to a household that owns its workshop

D

A household pays a bicycle repair business to replace a punctured tyre

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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