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Specialisation and trade

Scarcity exists when human wants are [     ] but resources are [     ].

A

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

B

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

C

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

D

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

Specialisation and trade Flashcards

  1. A Level
  2. /Economics
  3. /Specialisation and trade

Flashcards for OCR A Level Economics Specialisation and trade, covering the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03. 22 cards, matched to the OCR A Level Economics (H460) specification. Recall questions account for roughly 25% of marks at A Level Economics, so these target the marks you can secure before the paper starts.