O-LevelEconomicsThe basic economic problem2281/13 · Oct/Nov 2025 · Q21 Mark

Which value does opportunity cost measure?

Aenvironmental damage

Bnext best alternative forgone

Coutput of labour

Dprice paid

✓ Correct answer

B: next best alternative forgone

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2025 Paper 1 Variant 3, question 2.

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