A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2015 · Q11 Mark

Which question does not directly refer to the basic economic problem?

AWhat goods and services should a firm produce?

BWhat price should a firm charge?

CWhat production methods should a firm use?

DWho should receive the goods and services that a firm produces?

✓ Correct answer

B: What price should a firm charge?

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Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2015 Paper 1 Variant 2, question 1.

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