CSEC Economics · May/June 2015 · Paper 2 · Question 2(a)(iv)
Classify each of the following items as EITHER 'goods' OR 'services':
Island tours
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Practise this questionOther parts of this question
- 2(a)(i)Hairdressing[1 mark]
- 2(a)(ii)Hairdryers[1 mark]
- 2(a)(iii)Tourism[1 mark]
- 2(a)(v)Tractors[1 mark]
- 2(b)Explain the THREE resource allocation decisions that are often made under a free market system.[6 marks]
- 2(c)Discuss ONE benefit of entrepreneurial talent that can accrue to Caribbean economies.[4 marks]
More practice: the rest of this paper · more Factors and Sectors of Production questions · all CSEC Economics past papers