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1.1.4 basic questions of resource allocation

Card 1 of 22

What is the purpose of economic activity?

A

To turn scarce resources into goods and services that satisfy needs and wants.

B

To turn scarce resources into goods and services that maximise tax revenue.

C

To turn scarce resources into goods and services that eliminate all needs and wants.

D

To turn unlimited resources into goods and services that satisfy needs and wants.

Card 1 of 22

1.1.4 basic questions of resource allocation Flashcards

  1. Intl A Level
  2. /Economics
  3. /1.1.4 basic questions of resource allocation

22 flashcards on CIE Intl A Level Economics 1.1.4 basic questions of resource allocation: the key terms and definitions you need to recall.

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