Which of the following describes an economic good?
A good that is provided free of charge by the state to maximize social welfare
A good that is produced using scarce resources and has an opportunity cost
A good that is abundant in nature and requires no resources to consume
A good that can only be bought and sold in unregulated free markets
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.