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Economics (AS & A Level) · May / June 2026 · Paper 13 · Question 1

9708Scarcity, choice and opportunity cost

What are the basic questions of resource allocation?

  1. AWhat to produce, how to produce and for whom to produce?
  2. BWhat to produce, where to produce and for whom to produce?
  3. CWhere to produce, for whom to produce and how to produce?
  4. DWhere to produce, what to produce and how to produce?

As printed in the paper

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Correct answer: A. What to produce, how to produce and for whom to produce?

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