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1.2 The basic economic problem

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Question 32

What is meant by scarce resources?

[1]
A

Resources that are available only to governments

B

Finite resources that are insufficient to satisfy all wants

C

Resources that have no alternative use

D

Goods whose prices are falling

Markscheme

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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