O-LevelEconomicsThe basic economic problem2281/11 · May/June 2020 · Q11 Mark

What is an example of the purchase of a consumer good?

Afarm owner buys a television.

Bfarm owner buys additional land.

Cfarm owner buys fertiliser for their crops.

Dfarm owner buys some farming equipment.

✓ Correct answer

A: farm owner buys a television.

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

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