CAIE IGCSE Economics 1.3.1 Opportunity Cost Questions
Practise Cambridge IGCSE Economics by identifying and applying the opportunity cost created by economic choices.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Define opportunity cost as the next-best alternative forgone.
- Identify the opportunity cost of a consumer, producer or government choice.
- Calculate or compare opportunity costs using the alternatives available.
CAIE IGCSE Economics 1.3.1 Opportunity Cost Questions question 1
[Maximum number: 1]
Which value does opportunity cost measure?
A
environmental damage
B
next best alternative forgone
C
output of labour
D
price paid
B
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