Edexcel IGCSEEconomicsGeneral Applications1 Mark

Which of the following best describes the fundamental economic problem?

AA. Unlimited wants and limited resources.

BB. High inflation and low economic growth.

CC. Government intervention in markets.

DD. A decline in international trade.

✓ Correct answer

A: A. Unlimited wants and limited resources.

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Topic: General Applications, Edexcel IGCSE Economics. Multiple choice, 1 mark.

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