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1.1 Economic methodology and the economic problem

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Question 9
100%

The economic problem of scarcity means that individuals, firms, and governments must make choices because

A

the distribution of income is highly unequal.

B

resources are finite relative to infinite human wants.

C

opportunity costs can always be completely avoided.

D

consumer demand is strictly limited by basic biological needs.

Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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