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Economics studies how people, businesses and governments make [     ] when resources are [     ].

A

Economics studies how people, businesses and governments make products when resources are scarce.

B

Economics studies how people, businesses and governments make profits when resources are limited.

C

Economics studies how people, businesses and governments make choices when resources are limited.

D

Economics studies how people, businesses and governments make choices when resources are unlimited.

Card 1 of 23

1.1 Main economic groups and factors of production Flashcards

  1. GCSE
  2. /Economics
  3. /1.1 Main economic groups and factors of production

23 flashcards on OCR GCSE Economics 1.1 Main economic groups and factors of production: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards