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1.1 Economic methodology and the economic problem

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Question 96

A free good is defined as one which

A

has no opportunity cost in its consumption or production.

B

is provided free of charge by the state.

C

has an infinite demand at any positive price.

D

requires no labor to be harvested or extracted.

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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