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1.1 Economic methodology and the economic problem

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Question 56

The fundamental economic problem of scarcity means that all societies must make decisions about

A

what, how and for whom goods and services should be produced.

B

how to achieve a completely equal distribution of income and wealth.

C

the best way to eliminate all negative externalities in production.

D

how to guarantee the full employment of all available labour resources.

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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