A-LevelEconomicsBasic Economic Ideas and Resource AllocationOct/Nov 2014Paper 1 Q11 Mark
Which statement about the problem of scarcity is correct?
AContinually rising productivity will increase output and solve scarcity.
BFuture inventions will introduce new products that remove scarcity.
CGovernment printing of money will raise incomes and eliminate scarcity.
DHuman nature will make the solution of scarcity impossible.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of basic economic ideas and resource allocation within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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