O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2019 · Q31 Mark

Sam wrote a list of how he would prefer to spend his Saturday afternoon. [Table for Question 3: first choice: go to a cricket match, second choice: watch the annual town parade, third choice: go to the cinema, fourth choice: visit relatives] Unfortunately a thunderstorm caused the cricket match and the town parade to be cancelled. Sam went to the cinema. What was the opportunity cost of going to the cinema?

Agoing to a cricket match

Bwatching the annual town parade

Cvisiting relatives

Dlosing his free time

✓ Correct answer

C: visiting relatives

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2019 Paper 1 Variant 2, question 3.

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