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1.1 Economic methodology and the economic problem

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Question 98

The global atmosphere is a scarce economic resource. A consequence of this scarcity is that

A

its use always involves an opportunity cost.

B

it can only be allocated efficiently by the price mechanism.

C

it is classified as a pure public good.

D

it will inevitably be depleted to zero in the near future.

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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