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1.1 Economic methodology and the economic problem

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Question 4
83%

Which one of the following is an inevitable consequence of the fundamental economic problem of scarce resources and infinite wants?

A

Markets will naturally eliminate any imbalance between supply and demand.

B

Decisions to consume or produce any economic good involve an opportunity cost.

C

Governments must intervene to ensure an equitable distribution of income.

D

Prices of all goods and services will rise continually over time.

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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