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Introduction to economics
Revision and exam practice for Introduction to economics.
2
Objectives
10
Flashcards
10
Questions
48 min
Study time
OcrGcseEconomicsIntroduction to economics
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Syllabus checklist
What you need to know
2 objective pages available
Understanding Main Economic Groups and Factors of Production1 objectives
- Explain, apply and evaluate the required knowledge and skills for Main economic groups and factors of production.
Understanding the Basic Economic Problem1 objectives
- Explain, apply and evaluate the required knowledge and skills for The basic economic problem.
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Practice preview
- Which of the following is NOT one of the three fundamental economic questions?
- What is the primary reason that choices must be made in an economy?
- A country has the choice to either invest heavily in education or in developing new renewable energy infrastructure. Describe the opportunity cost of choosing to invest heavily in renewable energy infrastructure and explain its significance. [6 marks]
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