A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Feb/Mar 2024 · Q31 Mark

Which combination best describes the basic economic problem?

Aresources limited, wants limited

Bresources limited, wants unlimited

Cresources unlimited, wants limited

Dresources unlimited, wants unlimited

✓ Correct answer

B: resources limited, wants unlimited

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Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2024 Paper 1 Variant 2, question 3.

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