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1.1 Economic methodology and the economic problem

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Question 77

The electromagnetic spectrum allocated for mobile telecommunications is a scarce economic resource. A fundamental consequence of this scarcity is that:

A

it must be classified as a pure public good because electromagnetic waves propagate freely through open space.

B

its allocation to a specific telecommunications network always involves an opportunity cost.

C

it can only be allocated efficiently through an unregulated, free-market price mechanism.

D

it will inevitably be depleted to zero utility over time as a consequence of the law of diminishing returns.

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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