OCR•A-Level•Economics
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Scarcity and Choice
The economic problem, resource allocation, and opportunity cost
Practice 23 subtopics in Scarcity and Choice. All questions match the OCR A-Level specification.
About Scarcity and Choice
Scarcity and Choice is a key topic in the OCR A-Level Economicsspecification. This topic covers the economic problem, resource allocation, and opportunity cost.
Master all 23 subtopics below with unlimited AI-generated questions. Each subtopic page includes sample questions and the ability to generate unlimited practice questions with detailed solutions.
All Subtopics (23)
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Positive statementsNormative statementsRole of value judgementsScarcityUnlimited wantsLimited resourcesChoiceOpportunity costLandLabourCapitalEnterprisePPF diagramPoints on PPFPoints inside PPFPoints outside PPFShifts in PPFPPF and opportunity costPPF and economic efficiencyMarket economyMixed economyCommand economyRole of price mechanism
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