Cambridge International (CAIE) · 1 Basic economic ideas and resource allocation (AS) · 1.3 Factors of production

Cambridge International (CAIE) Economics past paper questions: Factors of production

Every Cambridge International (CAIE) question on Factors of production from 2023 to 2025: 1 essay and 7 multiple choice questions. It covers 6.1 The reasons for international trade, 4.1 National income statistics and 4.4 Economic growth. Each question links to its paper, mark scheme and examiner report.

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Subtopics6.1 The reasons for international trade 14.1 National income statistics 14.4 Economic growth 1

Essay questions on factors of production

Multiple choice questions

  1. AS Paper 1, March 2025, Q5

    When is division of labour likely to be most effective?

  2. AS Paper 1, November 2024, Q2

    In a clothing business, after specialisation, real output per worker increased in the first six months but then output per worker began to fall. What might be the most likely reason for the reduction in productivity?

  3. AS Paper 1, November 2024, Q3

    A wine producer and bottler wanted to expand its production significantly. To finance the expansion it offered investors discounts on restaurant meals if they bought 2000 shares in the company. Which factors of production are most likely…

  4. AS Paper 1, June 2024, Q5

    The share of total incomes from profit in a country shows more variation over time than incomes from interest, rent and wages. What is the most likely reason for this?

  5. AS Paper 1, November 2023, Q2

    What is considered the essential requirement for all entrepreneurs?

  6. AS Paper 1, June 2023, Q1

    Which factor of production is needed first in order to set up a new business?

  7. AS Paper 1, June 2023, Q4

    What is not likely to result from the use of division of labour?

Question text is quoted from the question papers, © Cambridge University Press & Assessment (UCLES), for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.