CAIE IGCSE Economics 1.1.1 Finite Resources and Infinite Wants Questions
Practise Cambridge IGCSE Economics by explaining the basic economic problem, scarcity and the choices faced by economic agents.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Define scarcity and explain why finite resources cannot satisfy unlimited wants.
- Identify the economic agents and choices created by the basic economic problem.
- Apply scarcity and opportunity-cost reasoning to consumers, producers and governments.
CAIE IGCSE Economics 1.1.1 Finite Resources and Infinite Wants Questions question 1
[Maximum number: 1]
A government wants to build a new hospital.
What is most likely to prevent the government from doing this?
A
People in the country cannot afford healthcare.
B
People in the country would go abroad for healthcare.
C
The government cannot agree how big the hospital should be.
D
The government does not have enough money.
D
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