Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

Relative to Pakistan, Germany produces more pharmaceuticals for each unit of resources used. What might account for this?

  • Athe existence of floating exchange rates
  • Bthe law of absolute advantage
  • Cthe Marshall–Lerner condition
  • Dthe terms of trade

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI