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?
- AA farm owner buys a television.
- BA farm owner buys additional land.
- CA farm owner buys fertiliser for their crops.
- DA farm owner buys some farming equipment.
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Correct answer: A. A farm owner buys a television.
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