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The economic problem

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Question 43

In economic theory, the distinction between a free good and an economic good is central to understanding the economic problem of scarcity. Which of the following situations describes the consumption of a free good?

A

A commuter drinks purified tap water from a public water fountain in a city transit station.

B

An internet user downloads a free open-source operating system that was developed by volunteers.

C

A resident reads a book at night under a solar-powered street light installed and maintained by local authorities.

D

A tourist bathes in the open ocean on a wild, unmanaged coastline.

Markscheme

The economic problem Questions

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

53 exam-style questions on OCR A Level Economics The economic problem. Each one has a worked solution and a mark scheme showing where the marks go.

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