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Economics
·
Cambridge A-Level
Scarcity, choice and opportunity cost
Syllabus Learning Objectives
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Learning Outcomes
01
fundamental economic problem of scarcity
02
need to make choices at all levels (individuals, firms, governments)
03
nature and definition of opportunity cost, arising from choices
04
basic questions of resource allocation
05
what to produce
06
how to produce
07
for whom to produce
