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1.1 Economic methodology and the economic problem

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Question 49

In economics, the fundamental purpose of allocating scarce resources to the production of goods and services is to

A

maximise the profit margins of large-scale corporations.

B

satisfy the needs and wants of consumers.

C

accelerate the rate of technological progress.

D

generate export surpluses for the domestic economy.

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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