O-LevelEconomicsThe basic economic problem2281/11 · May/June 2012 · Q11 Mark

Which combination of resources and wants causes the economic problem?

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Alimited limited

Blimited unlimited

Cunlimited limited

Dunlimited unlimited

✓ Correct answer

B: limited unlimited

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2012 Paper 1 Variant 1, question 1.

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