Card 1 of 25
Why must every economy choose which wants to satisfy?
A
The plot, bricklayers and crane cannot be used twice.
B
At every level, from an individual shopper to a government Budget.
C
Even the richest economy cannot produce everything people want at once.
D
Resources are scarce, but wants are unlimited.
Card 1 of 25
1.2.2 The economic problem Flashcards
25 flashcards on OCR GCSE Economics 1.2.2 The economic problem: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.