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1.1 Economic methodology and the economic problem

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Question 1
29%

Extract C

"...The regional health board's decision to allocate £15 million to establish a state-of-the-art robotic surgery suite at the central infirmary meant that the scheduled expansion of local community mental health clinics had to be deferred indefinitely, highlighting the opportunity cost inherent in healthcare resource allocation..."

Define the term 'opportunity cost' with reference to Extract C.

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Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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