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The economic problem

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Question 6

In economic theory, the fundamental economic problem of scarcity distinguishes between free goods and economic goods. Which of the following is classified as a free good?

High-speed municipal Wi-Fi provided with no subscription fee in a city center

Solar electricity generated by a commercial photovoltaic array

Clean atmospheric air breathed by a farmer working in an open field

Healthcare services provided without charge by a state-funded national health service

The economic problem Questions

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