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1.2 The basic economic problem

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Question 34

Opportunity cost is the

[1]
A

money price of every choice

B

total value of all rejected alternatives

C

benefit of the next best alternative forgone

D

cost of producing one extra unit

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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