Economics (AS & A Level) · May / June 2026 · Paper 14 · Question 1
9708Scarcity, choice and opportunity cost
Which statement describes the fundamental economic problem of scarcity?
- AThere are limited resources and unlimited wants.
- BThere are limited resources and limited wants.
- CThere are unlimited resources and limited wants.
- DThere are unlimited resources and unlimited wants.
As printed in the paper
Show the answer
Correct answer: A. There are limited resources and unlimited wants.
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.