O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2023 · Q11 Mark

Which statement is correct?

AEconomic goods are not scarce.

BEconomic goods have no opportunity cost.

CFree goods are scarce.

DFree goods have no opportunity cost.

✓ Correct answer

D: Free goods have no opportunity cost.

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2023 Paper 1 Variant 2, question 1.

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