Quiz: Understanding Scarcity
OCR H460 A-Level Economics
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Building on what you've learned about economic goods, needs vs wants, and normative vs positive statements, let's test your understanding of scarcity!
Which of the following best defines scarcity?
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Which of the following are examples of scarcity? (Select all that apply)
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Scarcity forces individuals to make {{blank0}} about how to allocate {{blank1}}.
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Match the items on the left with their correct pairs on the right
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If a country has 100 units of labour and chooses to produce 80 units of food, how many units of clothing can it produce if labour is fully allocated and 1 unit of clothing requires 2 units of labour?
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Which statement about scarcity is normative?
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Which of the following are implications of scarcity? (Select all that apply)
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Match the items on the left with their correct pairs on the right
What is an example of a free good?
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