Learn: Scarcity, Choice, and Opportunity Cost
AQA A level economics 7136 specification
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What does scarcity mean in economics?
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Scarcity forces people to make {{blank0}} because resources are {{blank1}}.
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If a government spends £1 billion on defence rather than education, what is the opportunity cost?
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Which of the following statements about opportunity cost are true? (Select all that apply)
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