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1.2 The basic economic problem

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Question 33

Which statement best describes unlimited wants?

[1]
A

People's desire for goods and services has no final limit

B

Every want can be satisfied if income rises

C

Only luxury goods are wanted

D

All consumers want exactly the same products

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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