A-LevelEconomicsBasic Economic Ideas and Resource AllocationFeb/Mar 2017Paper 1 Q11 Mark
The diagram is from a chapter on ‘The Economic Problem' in an Economics textbook. It should contain the terms opportunity cost, scarcity and choice in the order that identifies the economic problem. [Diagram] What is the correct order for the terms to appear in the diagram?
Achoice → opportunity cost → scarcity
Bchoice → scarcity → opportunity cost
Cscarcity → choice → opportunity cost
Dscarcity → opportunity cost → choice
✓ Correct Answer
The correct answer is C. 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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