O-LevelEconomicsThe basic economic problem2281/11 · May/June 2010 · Q11 Mark

Which terms summarise the nature of the economic problem?

Afinite resources and limited wants

Bfinite resources and unlimited wants

Cinfinite resources and limited wants

Dinfinite resources and unlimited wants

✓ Correct answer

B: finite resources and unlimited wants

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2010 Paper 1 Variant 1, question 1.

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