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Economics · May / June 2020 · Paper 11 · Question 1

2281The nature of the basic economic problem

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

  1. AA farm owner buys a television.
  2. BA farm owner buys additional land.
  3. CA farm owner buys fertiliser for their crops.
  4. DA farm owner buys some farming equipment.

As printed in the paper

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Correct answer: A. A farm owner buys a television.

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