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Opportunity cost

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Question 10

Which of the following is an unavoidable consequence of the fundamental economic problem of scarcity?

A

All resources will be allocated equitably by the free market

B

Economic agents must make choices that involve opportunity costs

C

Governments must provision all goods and services to prevent market failure

D

Diseconomies of scale will occur as firms attempt to increase output to match unlimited wants

Markscheme

Opportunity cost Questions

  1. A Level
  2. /Economics
  3. /Opportunity cost

10 exam-style questions on OCR A Level Economics Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.

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