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1.2 The basic economic problem

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Question 11

Fresh water is scarce in Drymere. The local government is considering installing water meters in every home and charging households for each litre used.

Explain one way this government action may reduce the use of the scarce resource.

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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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