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1.2 The basic economic problem

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Question 30

A town council has enough money to repair either the public swimming pool or the sports hall this year. Residents want both facilities repaired. Explain how this situation shows that resources are scarce while wants are unlimited.

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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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