Economics 0455 · IGCSE · Differences in economic development between countries
Differences in economic development between countries — practice question
Davos, a ski resort in Switzerland, is well known for hosting a world economic conference where leaders from the private and public sectors meet. The issues discussed are usually connected with global economic development. In Davos, hospitality firms rely on seasonal migrant labour, especially when they need to expand the supply of goods and services rapidly.
(a)[2]
What does supply mean?
(b)[4]
Explain how the private sector differs from the public sector.
(c)[6]
Analyse the reasons for differences in economic development between countries.
(d)[8]
Discuss whether employing migrant workers can be beneficial to an economy.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Readiness to sell” …