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IB Economics HL 1.1.2 The problem of choice and opportunity cost Question Bank

Practise IB Economics HL 1.1.2 by analysing opportunity cost and government choices when scarce resources have competing uses.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Analyse the opportunity cost of a public decision using the alternative resource allocation.
  • Evaluate how marginal choices change welfare for different stakeholders in a case study.
  • Use an economic diagram or evidence to compare the benefits and costs of competing choices.

1.1.2—The problem of choice question 1

[Maximum number: 2]

Outline why purchasing this surplus implies an opportunity cost for the government of Nissos.

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