O-LevelEconomicsThe basic economic problem2281/11 · May/June 2023 · Q11 Mark

What is the cause of scarcity in an economy?

Ahigh employment levels

Bhigh investment levels

Cunlimited resources

Dunlimited wants

✓ Correct answer

D: unlimited wants

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2023 Paper 1 Variant 1, question 1.

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