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1.1 Economic methodology and the economic problem

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Question 76

Which of the following is a characteristic of a free good?

A

It is provided by the government and funded through general taxation.

B

It can be consumed without reducing the amount available to others, with zero opportunity cost.

C

It is a public good that has a market value of zero.

D

It has a high social benefit and a low private cost.

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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