This document consists of 9 printed pages and 3 blank pages. IB11 11_0455_11/3RP © UCLES 2011 [Turn over *3865527306* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ECONOMICS 0455/11 Paper 1 Multiple Choice October/November 2011 45 minutes Additional Materials: Multiple Choice Answer Sheet Soft clean eraser Soft pencil (type B or HB is recommended) READ THESE INSTRUCTIONS FIRST Write in soft pencil. Do not use staples, paper clips, highlighters, glue or correction fluid. Write your n ame, Cen tre n umber an d can didate n umber on the An swer Sheet in the spaces provided unless this has been done for you. There are thirty questions on this paper. Answer all questions. For each question there are four possible answers A, B, C and D. Choose the one you consider correct and record your choice in soft pencil on the separate Answer Sheet. Read the instructions on the Answer Sheet very carefully. Each correct answer will score one mark. A mark will not be deducted for a wrong answer. Any rough working should be done in this booklet. w w w .XtremePapers.com2 © UCLES 2011 0455/11/O/N/11 1 Every business organisation faces the problem of satisfying wants. What is the reason why wants are not fully satisfied? A An economy can only produce a limited amount of goods and services. B Governments cannot print enough money to pay for goods and services. C There is an over-production of goods and services by business organisations. D Workers are too skilled for the requirements of the jobs available. 2 A university rejects 2000 qualified applicants who wish to study there. What factor of production could have caused the university to make th...
