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1.2 The basic economic problem

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Question 8

A transport authority adds buses and employs more drivers. The table shows its maximum capacity and the number of bus journeys residents would like to make.

Before the expansionAfter the expansion
Maximum bus journeys that can be provided each week72,00079,200
Bus journeys residents would like to make each week80,000100,000

Explain, using the data, why the expansion has not removed the basic economic problem faced by the transport authority.

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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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