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1 markCentral Problem of Economics

CAPE Economics Unit 1 · 2005 · Paper 1 · Question 1(a)

Basic economic concepts and decision making.

State ONE reason why making economic choices is necessary.

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Other parts of this question

  1. 1(b)State THREE fundamental questions that must be addressed when determining what goods and services to produce.[3 marks]
  2. 1(c)Identify the opportunity cost of choosing to read email messages rather than studying, and briefly explain your reasoning.[2 marks]

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