Economics (AS & A Level) · Oct / Nov 2023 · Paper 11 · Question 1
9708Scarcity, choice and opportunity cost
What will help solve the basic economic problem?
- Athe control of the market system
- Bthe efficient allocation of scarce resources
- Cthe preservation of a healthy environment
- Dthe elimination of hunger
As printed in the paper
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Correct answer: B. the efficient allocation of scarce resources
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