Skip to content

Course home

Sign up

1.1 Economic methodology and the economic problem

EasyMediumHard
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798
Question 78

The fundamental economic problem of scarcity arises because:

A

infinite resources are available to satisfy finite human wants.

B

finite resources must be allocated to satisfy infinite human wants.

C

public goods can be provided with no opportunity cost to society.

D

governments can completely eliminate the need for economic trade-offs.

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.

Question bank