Economics · Oct / Nov 2024 · Paper 13 · Question 1
2281The nature of the basic economic problem
What is the cause of the economic problem facing the global market for gold?
- AConsumer wants for gold are limited.
- BGold is a limited resource.
- COnly governments can sell gold.
- DThere is an unlimited supply of gold.
As printed in the paper
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Correct answer: B. Gold is a limited resource.
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