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    1 The Nature of The Economic Problem: Worksheet

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    1 The Nature of The Economic Problem: Worksheet

    Uploaded by

    Kenshin Hayashi
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    1q IGCSE_Olev_Econ_007 copy

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    181 views1 page

    1 The Nature of The Economic Problem: Worksheet

    Uploaded by

    Kenshin Hayashi

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    © All Rights Reserved
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    Cambridge IGCSETM and O Level Economics

    Worksheet
    1 The nature of the economic problem
    Complete the following activities on the nature of the economic problem.

    Activity 1
    Give an example of the economic problem as faced by each of the economic agents listed in the
    table below.

    Type of economic agent Example of economic problem


    Individual consumer Choosing 1 IGCSE Couse Instead of Another
    Individual worker Deciding if they should work overtime to get extra money
    Firm Deciding whether to produce electric or petrol cars
    Government Either Spend Money on Health Car or Improve the Education
    System

    Activity 2
    For each of the following, identify whether they would be classed as economic goods or free goods.
    The first one is done for you.

    Example Economic good Free good


    Shirt 
    Sunlight a
    Toothpaste a
    Air a
    Pencil a
    Chair a
    Sea a
    Rain water a
    House a

    Cambridge IGCSE and O Level Economics 2nd edition 1


    © Hodder & Stoughton Ltd 2018

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