Question:

4 Davos is a ski resort in Switzerland famous for hosting a world economic conference for leaders from both private and public sectors. Topics discussed usually relate to global economic development. Hospitality firms in Davos depend on seasonal migrant labour, especially when they
want to increase the supply of goods and services quickly.
(a) Define supply. [2]
(b) Explain the difference between the private sector and the public sector. [4]
(c) Analyse the causes of differences in economic development between countries. [6]
(d) Discuss whether or not the employment of migrant workers can benefit an economy. [8]

Sample Answers: