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Economics · Oct / Nov 2024 · Paper 13 · Question 2

2281Factors of production

The management of an airline decided to replace its aeroplanes with more technologically advanced aircraft. At the same time, the company retrained its pilots. Which factors of production has the airline improved?

  1. Acapital and labour
  2. Bcapital and land
  3. Clabour and enterprise
  4. Dland and enterprise

As printed in the paper

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Correct answer: A. capital and labour

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