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1.1 Economic methodology and the economic problem

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Question 65

The fundamental economic problem of scarcity means that:

A

economic growth is impossible to sustain over time.

B

government planning is always required to distribute resources.

C

trade-offs and choices are inevitable.

D

prices will continuously rise in all markets.

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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