A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2013 · Q21 Mark
What is the correct order of these economic concepts? [Figure 2.1]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
Ainevitability of choices ↓ opportunity costs ↓ scarce resources
Bopportunity costs ↓ scarce resources ↓ inevitability of choices
Copportunity costs ↓ scarce resources ↓ inevitability of choices
Dscarce resources ↓ inevitability of choices ↓ opportunity costs
✓ Correct answer
D: scarce resources ↓ inevitability of choices ↓ opportunity costs
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