H06001 - Study guides, Class notes & Summaries

This is the final mark scheme

2 © OCR 2023 SECTION A Write your answer to each question in the box provided. 1 Which of these contains all the four factors of production? A Capital, enterprise, labour, land B Capital, labour, profit, rent C Enterprise, interest, land, wages D Interest, profit, rent, wages Your answer [1] 2 What is the income elasticity of demand if a 10% increase in consumer income leads to a 40% decrease in quantity demanded? A –4.00 B –0.25 C +0.25 D +4.00 Your answer [1] 3 Which of ...

OCR AS ECONOMICS paper 1 June 2024 final Mark Scheme-H060_01

1 Which of these contains all the four factors of production? A Capital, enterprise, labour, land B Capital, labour, profit, rent C Enterprise, interest, land, wages D Interest, profit, rent, wages Your answer [1] 2 What is the income elasticity of demand if a 10% increase in consumer income leads to a 40% decrease in quantity demanded? A –4.00 B –0.25 C +0.25 D +4.00 Your answer [1] 3 Which of these is an example of a normative statement? A Taxes on cigarettes provide the gov...

This is the official question paper

This is the final mark scheme

This is the official question paper

This is the final mark scheme

2023 Economics H060/01: Microeconomics AS Level Question Paper & Mark Scheme (Merged)

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