Economics 0455 · IGCSE · The factors of production

The factors of production — practice question

An airline’s management chose to swap its aeroplanes for more technologically advanced aircraft. At the same time, the firm retrained its pilots. Which factors of production has the airline improved?

  • Acapital and labour
  • Bcapital and land
  • Clabour and enterprise
  • Dland and enterprise

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