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1.2 The basic economic problem

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Question 19

A bakery has 48 worker-hours available next week. It would need 8 worker-hours to make each batch of bread and 12 worker-hours to make each batch of cakes. Customers want 4 batches of bread and 3 batches of cakes. The bakery is considering adding 8 worker-hours next week.

Explain how the information shows that resources are scarce and why adding 8 worker-hours would not end the economic problem.

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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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