Subsection 1.2. The factors of production for Economics, O Level - revisedeck

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1.2. The factors of production

A subsection of Economics, 2281, through 1. The basic economic problem

Listing 10 of 57 questions

What is the function of the factors of production in an economy?

2281_s20_qp_11

MCQ

2020

Paper 1, Variant 1

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In 2016, 20 billion barrels of oil and 1.6 billion barrels of natural gas were discovered in Texas, US. Which factor of production has increased in the US due to this discovery?

2281_s20_qp_12

MCQ

2020

Paper 1, Variant 2

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Which statement about the factors of production is correct?

2281_s21_qp_11

MCQ

2021

Paper 1, Variant 1

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What could cause an increase in demand for a factor of production?

2281_s22_qp_11

MCQ

2022

Paper 1, Variant 1

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What makes an industry capital-intensive?

2281_w06_qp_1

MCQ

2006

Paper 1, Variant 0

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What is an example of the factor of production enterprise?

2281_w06_qp_1

MCQ

2006

Paper 1, Variant 0

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A water pump has been invented which is operated when people play on a roundabout in the village. The roundabout provides the power to pump water from the well. Of what is this an example?

2281_w07_qp_1

MCQ

2007

Paper 1, Variant 0

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What is not a factor of production?

2281_w08_qp_1

MCQ

2008

Paper 1, Variant 0

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Nolwazi lived in a rural area in Botswana and made baskets to sell to the tourists. The local government gave her a loan to buy a car to take the baskets to the city market. Which factor of production increased?

2281_w09_qp_1

MCQ

2009

Paper 1, Variant 0

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What is a factor of production?

2281_w10_qp_11

MCQ

2010

Paper 1, Variant 1

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Questions Discovered

57