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1.2 The basic economic problem

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Question 14

A furniture manufacturer has limited timber and factory time. It decides that its products will be sold to offices rather than households, that automated cutting equipment will be used rather than additional carpenters, and that desks will be made rather than dining tables. Which option correctly identifies the economic question answered by each decision?

[1]
A

Offices rather than households: how to produce; automated equipment rather than additional carpenters: what to produce; desks rather than dining tables: for whom to produce

B

Offices rather than households: for whom to produce; automated equipment rather than additional carpenters: how to produce; desks rather than dining tables: what to produce

C

Offices rather than households: for whom to produce; automated equipment rather than additional carpenters: what to produce; desks rather than dining tables: how to produce

D

Offices rather than households: what to produce; automated equipment rather than additional carpenters: for whom to produce; desks rather than dining tables: how to produce

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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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