Cambridge IGCSE Economics practice

Paper 2 structured question: The nature of the economic problem

Try the question first, then check the answer and practise the same topic again.

At a glance

Paper

Marks

Topic

The nature of the economic problem

Exam-style question

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Paper 2Structured Questions1 marks

The economy faces a shortage of natural resources.

Description

Due to the depletion of natural resources, the government must decide how to allocate the remaining resources among various sectors.

a
State one reason why limited resources create scarcity in the economy.
Your answer
Aim for approximately 1 distinct marking point.
[1]

0 of 1 part answered

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Paper 2Structured Questions3 marks

Description

The government is faced with the challenge of allocating limited resources to satisfy the high demand from consumers, producers, and workers.

a
Explain how limited resources affect consumer choices.
Your answer
Aim for approximately 3 distinct marking points.
[3]