A firm changes from a cheap production method that creates heavy pollution to a cleaner but more expensive method. Which trade-off is shown most clearly?
Greater environmental sustainability may be achieved at an economic cost
Greater economic sustainability must reduce social sustainability
Cleaner production removes scarcity
Higher production costs mean no resources are forgone
29 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.