A-LevelEconomicsBasic Economic Ideas and Resource AllocationFeb/Mar 2024Paper 1 Q51 Mark
What is the opportunity cost to a person of spending $20 on a new pair of sports shoes?
Aall the other things the person could have bought
Bthe cost of getting to the sports shop
Cthe current value of the person's old pair of shoes
Dthe next best thing that could have been bought with the $20
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of basic economic ideas and resource allocation within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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