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1.2 The basic economic problem

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Question 20

A coastal conservation charity has one grant and can fund only one project. Its trustees rank monitoring seabirds first, restoring sand dunes second and repairing a visitor boardwalk third, and they award the grant to monitoring seabirds. What is the opportunity cost of this decision?

[1]
A

repairing a visitor boardwalk

B

both the dunes and the boardwalk

C

monitoring seabirds

D

restoring sand dunes

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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