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1.2 The basic economic problem

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Question 13

A university has a fixed supply of lecture rooms and teaching staff, and a fixed budget. Its students want more courses, smaller seminar groups and additional support services.

Explain why the university faces the economic problem. [2]

[2]
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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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