logo

Cambridge IGCSE Economics practice

What is the reward for labour?

Try the question first, then check the answer and practise the same topic again.

At a glance

MCQ

Type

cambridge_mcq

Style

Topic

The factors of production

Exam-style question

Try this first

What is the reward for labour?.

  1. A.Rent
  2. B.Wages
  3. C.Interest
  4. D.Profit

Answer and explanation

Attempt the question first, then reveal the model answer and explanation.

Common mistake

No common mistake is linked to this question yet.

Related flashcards

Flashcard 1 of 6

Press Space to flip, arrows to move

Related practice questions

Question 1 of 5

Choose an answer, get feedback, then move sideways through the set.

0 of 3 attempted

Paper 2 structured question: The factors of production

Paper 2Structured Questions1 marks

Description

Factors of Production

The factors of production are essential resources used in the creation of goods and services. They include land, labour, capital, and enterprise, each with distinct characteristics and rewards.

  1. a

    State the four factors of production.

    Aim for approximately 1 distinct marking point.

    [1]