Day: July 23, 2021

The fundamental economic question is how to meet unlimited wants with limited resources.

What is an example of limited resources?

Select ONE answer:

1. insufficient consumer goods in the local shops
2. insufficient jobs to allow full employment
3. insufficient machinery to produce electrical goods
4. insufficient tax revenue to finance building a school

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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