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1.2 The basic economic problem

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Question 24

A manufacturer must decide whether to make bicycles or wheelchairs, whether to use robots or workers, and which customers should receive the output. Which economic questions are being considered?

[1]
A

What, how and for whom to produce

B

Where, when and why to produce

C

Demand, supply and equilibrium

D

Income, wealth and profit

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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