A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2019 · Q11 Mark

What is correct about scarcity?

AScarcity affects low income earners only.

BScarcity forces individuals to make choices.

CScarcity is removed by periods of falling prices.

DScarcity will be abolished by advances in technology.

✓ Correct answer

B: Scarcity forces individuals to make choices.

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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 2019 Paper 1 Variant 2, question 1.

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