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The economic problem

Scarcity exists because [     ] while [     ].

A

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

B

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

C

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

D

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

The economic problem Flashcards

  1. A Level
  2. /Economics
  3. /The economic problem

Flashcards for OCR A Level Economics The economic problem, covering the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03. 24 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.