Skip to content

Course home

Question bank·1.2 The basic economic problem
Sign up

1.2 The basic economic problem

EasyMediumHard
1234567891011121314151617181920212223242526272829
Question 5

An events producer has received requests for performances next month.

InformationNumber
Technician-hours available480 hours
Technician-hours needed for each performance12 hours
Performances requested by audiences50

Using the information in the table, explain why technician-hours are a scarce resource for the events producer.

[3]
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.

More questions