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The nature of the economic problem

1.1

What the syllabus asks of you

  • finite resources and unlimited wants Definition and examples of the economic problem in the contexts of: consumers; workers; producers; and governments.
  • economic and free goods The difference between economic goods and free goods.

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Chapter 1: The nature of the economic problem

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15 questions

1May / June 2026 · Paper 11 · Q1
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2Oct / Nov 2025 · Paper 12 · Q1
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3Oct / Nov 2024 · Paper 12 · Q1
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4May / June 2024 · Paper 11 · Q1
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5May / June 2024 · Paper 12 · Q1
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6Oct / Nov 2023 · Paper 11 · Q1
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7Oct / Nov 2023 · Paper 12 · Q1
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8May / June 2023 · Paper 11 · Q1
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9May / June 2023 · Paper 12 · Q1
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10May / June 2022 · Paper 12 · Q1
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11Oct / Nov 2021 · Paper 11 · Q1
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12Oct / Nov 2021 · Paper 12 · Q1
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13Oct / Nov 2020 · Paper 11 · Q1
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14Oct / Nov 2020 · Paper 12 · Q1
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15May / June 2020 · Paper 11 · Q1
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