O-LevelEconomicsThe basic economic problem2281/12 · May/June 2014 · Q11 Mark

What is the cause of economic scarcity?

Alimited wants with limited resources

Blimited wants with unlimited resources

Cunlimited wants with limited resources

Dunlimited wants with unlimited resources

✓ Correct answer

C: unlimited wants with limited resources

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2014 Paper 1 Variant 2, question 1.

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