Economics 2281 · O Level · Differences in economic development between countries
Differences in economic development between countries — practice question
Davos is a ski resort in Switzerland that is well known for hosting a world economic conference for leaders from both private and public sectors. The subjects covered normally concern global economic development. Hospitality firms in Davos rely on seasonal migrant labour, especially when they need to raise the supply of goods and services quickly.
(a)[2]
Define the term supply.
(b)[4]
Explain how the private sector differs from the public sector.
(c)[6]
Analyse the reasons for differences in economic development among countries.
(d)[8]
Discuss whether employing migrant workers can or cannot benefit 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 a good or service” …