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Economics (AS & A Level) · May / June 2023 · Paper 13 · Question 4

9708Factors of production

Which economic conditions are likely to encourage an increase in enterprise?

  1. Ahigh interest rates, high profit tax, high consumer confidence, high unemployment
  2. Bhigh interest rates, low profit tax, low consumer confidence, high unemployment
  3. Clow interest rates, low profit tax, high consumer confidence, low unemployment
  4. Dlow interest rates, low profit tax, low consumer confidence, low unemployment

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Correct answer: C. low interest rates, low profit tax, high consumer confidence, low unemployment

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