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Card 1 of 23

Scarcity exists because [     ] but [     ].

A

Scarcity exists because human wants are unlimited but resources are unlimited.

B

Scarcity exists because human wants are limited but resources are limited.

C

Scarcity exists because human wants are unlimited but resources are limited.

D

Scarcity exists because human wants are limited but resources are unlimited.

Card 1 of 23

Opportunity cost Flashcards

  1. A Level
  2. /Economics
  3. /Opportunity cost

23 flashcards on OCR A Level Economics Opportunity cost: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards