Economics Multiple Choice Question – 28 July 2017

For an economist, the key purpose of economic activity is to?

Select ONE answer:

  1. To remove inequality
  2. To satisfy needs and wants
  3. Save scarce resources
  4. Maximise profit
  5. Help government planning

Explain what is the basic economic problem?
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This is multiple choice question is suitable for Economics KS5 classes.

The answer is 2 – To satisfy needs and wants

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