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1.2 The basic economic problem

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Question 25

Why does economic growth not completely remove the basic economic problem?

[1]
A

Growth always reduces the quantity of resources

B

Growth prevents producers from combining resources

C

Government must stop consumers developing new wants

D

Wants can continue to exceed the resources available

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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