Economics 0455 · IGCSE · The nature of the economic problem

The nature of the economic problem — practice question

When deciding how resources are allocated within an economy, there are three key questions to resolve. Which option is not part of one of the three key questions?

  • Awhether all income groups receive the output
  • Bwhether consumer or industrial goods are produced
  • Cwhether economic goods or free goods are supplied
  • Dwhether labour or capital is used in production

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