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1.2 The basic economic problem

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Question 12

A government redirects farmland from luxury flowers to staple food, requires labour-intensive production and distributes the food mainly to low-income households. Which economic questions are answered by these decisions?

[1]
A

Only what to produce

B

What and how to produce, but not for whom

C

How and for whom to produce, but not what

D

What, how and for whom to produce

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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