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O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2020 · Q11 Mark

What causes economic agents to make choices?

Alimited needs and wants

Bthe existence of finite resources

Cthe existence of free goods

Dthe market mechanism

✓ Correct answer

B: the existence of finite resources

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About this question

Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2020 Paper 1 Variant 2, question 1.

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