O-LevelEconomicsThe basic economic problem2281/11 · May/June 2010 · Q31 Mark

Which economic change would increase the problem of scarcity?

Adecrease in fish stocks

Bdiscovery of a new oil field

Can increase in labour productivity

Dreduction in waste

✓ Correct answer

A: decrease in fish stocks

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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 3.

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