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1.2 The basic economic problem

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Question 11

Mina has £28 to spend and chooses a set of watercolour paints. Her other options, ranked by preference, are a sketchbook first and a pack of pens second. What is the opportunity cost of Mina's choice?

[1]
A

The sketchbook

B

The pack of pens

C

The watercolour paints

D

The £28 spent on the watercolour paints

Markscheme

1.2 The basic economic problem Questions

  1. GCSE
  2. /Economics
  3. /1.2 The basic economic problem

77 exam-style questions on OCR GCSE Economics 1.2 The basic economic problem, covering 1.2.1 Scarce resources and unlimited wants, 1.2.2 The economic problem, 1.2.3 Opportunity cost, and 1.2.4 Costs and benefits of economic choices. Each one has a worked solution and a mark scheme showing where the marks go.

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