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1.2 The basic economic problem

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Question 10

A rural bus operator continues an evening service that enables people without cars to reach work and college, even though ticket revenue does not cover the service's costs. Which option correctly classifies these effects?

[1]
A

Improved access is economic; failure to cover costs is environmental.

B

Improved access is environmental; failure to cover costs is social.

C

Both improved access and failure to cover costs are environmental.

D

Improved access is social; failure to cover costs is economic.

Markscheme

1.2 The basic economic problem Questions

  1. GCSE
  2. /Economics
  3. /1.2 The basic economic problem

77 exam-style questions on OCR GCSE Economics 1.2 The basic economic problem, covering 1.2.1 Scarce resources and unlimited wants, 1.2.2 The economic problem, 1.2.3 Opportunity cost, and 1.2.4 Costs and benefits of economic choices. Each one has a worked solution and a mark scheme showing where the marks go.

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