O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2014 · Q11 Mark
Economics textbooks often start by identifying the existence of the basic economic problem. What is it that makes this problem 'basic'?
AIt affects all economies and individuals.
BIt is the most urgent target of government economic policy.
CIt only affects low-income developing economies.
DIt relates to the production of raw materials in the primary sector.
✓ Correct answer
A: It affects all economies and individuals.
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