(a)[8]
Explain why the successful operation of the division of labour relies on the use of money.
(b)[12]
Discuss whether the behaviour of producers, consumers or governments is most likely to cause inflation.
Economics 9708 · AS & A Level · Factors of production
Factors of production — practice question
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge of division of labour and money (4 marks). Note: credit only one, 3 max.” …
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