Day: June 27, 2025

Accounting Multiple Choice Question – 27 June 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The basic economic problem facing all economies is?

Select ONE answer:

  1. Maximising economic growth
  2. Unemployment
  3. Inflation
  4. Allocating scarce resources

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

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

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct == > The basic economic problem is one of allocating scarce resources and economics is the study of how those scarce resources are or should be used.

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